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Time to bump up that 401k
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<blockquote data-quote="Up In Smoke" data-source="post: 5312156" data-attributes="member: 79702"><p>If your borrowing at compound interest your in big trouble. Outside the mob, I'm not sure what business could sell their money at compound interest. The term is usury. The inflation rates from 2010 to 2021 averaged 1.73% increase yoy. I believe our wages covered that and them some. Wages are the most costly part of virtually every American business. In service sector businesses wages and benefits make up nearly 60% of total cost of revenue. When wages go up, the cost of all materials and internal services go up. From April 2020 to April 2022, the average wage increase was north of 22%. This is known as Capitalism. Charge as much as you can for as long as you can and the consumer will tell you when it's to much. Currently the consumer is spending at near record levels month over month (CSI), so I don't see inflation waning until the consumer says uncle. Whether you accept the government/stock market numbers on inflation or not, I think you need some evidence to support your argument. IMO</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5312156, member: 79702"] If your borrowing at compound interest your in big trouble. Outside the mob, I'm not sure what business could sell their money at compound interest. The term is usury. The inflation rates from 2010 to 2021 averaged 1.73% increase yoy. I believe our wages covered that and them some. Wages are the most costly part of virtually every American business. In service sector businesses wages and benefits make up nearly 60% of total cost of revenue. When wages go up, the cost of all materials and internal services go up. From April 2020 to April 2022, the average wage increase was north of 22%. This is known as Capitalism. Charge as much as you can for as long as you can and the consumer will tell you when it's to much. Currently the consumer is spending at near record levels month over month (CSI), so I don't see inflation waning until the consumer says uncle. Whether you accept the government/stock market numbers on inflation or not, I think you need some evidence to support your argument. IMO [/QUOTE]
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Time to bump up that 401k
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