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by clarionite
Fri Sep 16, 2022 12:34 pm
Forum: Off-Topic
Topic: Economy saved, potential railroad strike averted
Replies: 10
Views: 2187

Re: Economy saved, potential railroad strike averted

philip964 wrote: Fri Sep 16, 2022 9:17 am In the old days inflation was 8% but you got 6% on your money.

Today inflation is 8% and you get .01% on your money.

And your 401k is down 15%, but you property taxes are up 10%.
I've been blessed to work for a company that over the first 10 years or so working here I averaged 5% increases a year. The past 4 years, I've had one raise of 3%. This year my property taxes increased 50%. And food costs have definitely gone up more than 8%. Health insurance has shot up over the past 6 years or so. And fuel prices and the cost of vehicles... Well they're ridiculous lately.

My IRA did very well last year because of some very risky investments I had. But this year, not so much.

I'm still comfortable, but much more of this and I won't be. I can't afford another 6 years of this administration. I'm worried about 2 more years.

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