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That would only tell me grocery prices...not gas prices, computer prices, tv prices, washing machines, etc. Weighting everything (and many food items, including basics like white bread, peanut butter, potatoes, have gone down in the last year) average prices haven't gone up much.I'm not the one deluded. First, PRICES ARE RISING. Just go to the grocery store and tell me they're not.
I have never ever encountered anyone who made this claim who actually understood how the figures were calculated.The inflation figures goobermint put out are spindled and mutilated - like the unemployment figures.
It's not that I save it's more that I just don't spend money. My co-workers and friends tend to make fun of how a live but it doesn't take much to make me happy
I always found that 8 hours was the max optimum amount of overtime. If I am not wrong the higher wage of overtime will face highest marginal tax rate. The overtime work can actually push one into a higher tax bracket.
That would only tell me grocery prices...not gas prices, computer prices, tv prices, washing machines, etc. Weighting everything (and many food items, including basics like white bread, peanut butter, potatoes, have gone down in the last year) average prices haven't gone up much.
I have never ever encountered anyone who made this claim who actually understood how the figures were calculated.
I am extremely confident you don't either, but I'm sure you have links to bloggers or scare-mongers or gold-bugs which will be filled with misinformation.
But can you find out what the price is at the grocery store? You suggested the grocery store was all that was needed for overall prices.Gasoline prices are down because crude oil prices are down; crude oil prices are down because the price structure is not reflecting cost of recovery, but the demands of the OPEC cartel. It's a manipulated price.
Computer prices are down as it's a mature industry benefitting from improvements in production as well as suffering from a soft market - as computers move into the bulk-commodity market. This is always the way of new technology - be it automobiles a hundred years ago, or phonographs, or televisions, or video recorders. Prices start high to pay for the startup costs, and then, as competition ensues and the initial demand slaked, prices fall.
Yeah, you can't just make up numbers and try to pass them off. Currently milk is at abour $3.40/gallon at Walmart. But you're saying that it was $0.68/gallon 7 years ago and went up on average 25%/year? No.Milk is about five times what it was seven years ago. Beef, over three times what it was. Clothing, nearly double.
Do you have any investments?
What are they in? What FORM are they in?
Now. How do you protect your savings or investment when the money supply is corrupted by a destructive government printing up more...dollars, sheckels, pesos, whatever? You had to work hard to earn those dollars; and you invested them in mutual funds - or put them in savings tools - and alluva sudden, those dollars are worth FAR LESS.
It's the story of Wiemar Germany. Or of Zimbabwe a few years ago. Or US in a few years, when all that fake, printed-up money starts washing into the general circulation.
There are few practical ways of saving without a monetary currency and NO practical way to invest. And no, Beanie Babies or Britney CDs are not investments.
Gasoline prices are down because crude oil prices are down; crude oil prices are down because the price structure is not reflecting cost of recovery, but the demands of the OPEC cartel. It's a manipulated price.
Computer prices are down as it's a mature industry benefitting from improvements in production as well as suffering from a soft market - as computers move into the bulk-commodity market. This is always the way of new technology - be it automobiles a hundred years ago, or phonographs, or televisions, or video recorders. Prices start high to pay for the startup costs, and then, as competition ensues and the initial demand slaked, prices fall.
Milk is about five times what it was seven years ago.
Beef, over three times what it was.
Clothing, nearly double.
Yeah it does bump you into another tax bracket but you still take home a more. My 75hr check is a hell of a lot bigger than my 48hr check.
According to new studies released recently, roughly a third of American adults don't have any emergency savings. As for me, usually I put 20% of my income into my deposite account and I have some cash for a rainy day saved at home. Do you have savings for emergency case or maybe for retirement? What part of your income do you save?
I probably have over $100 in small change in a drawer in my bedroom.
You should exchange it for something that will hold it's value, like gold or pizza.
Hyperinflation is just around the corner.
I regularly exchange portions of it for pizza. :lol:
According to new studies released recently, roughly a third of American adults don't have any emergency savings. As for me, usually I put 20% of my income into my deposite account and I have some cash for a rainy day saved at home. Do you have savings for emergency case or maybe for retirement? What part of your income do you save?
Yeah it does bump you into another tax bracket but you still take home a more. My 75hr check is a hell of a lot bigger than my 48hr check.
I love threads like this. Most Americans* don't save, but everybody on the internet does. :lol:
*- Have seen estimates ranging from 1/3 to 2/3.
I never could get it through their heads that it's mathematically impossible to lose money by working more overtime....
"Losing money" or "tax bracket" is an excuse for a lot of people to work fewer hours.
If the more one made the less they brought home, then "rich" people would have a negative paycheck.
"Losing money" or "tax bracket" is an excuse for a lot of people to work fewer hours.
If the more one made the less they brought home, then "rich" people would have a negative paycheck.
Well technically they are right, marginal income per hour worked decreases sometimes significantly and it may not be worth their time but I doubt most people who do understand that. For example the decreased income per hour worked may not be worth it to a couple with a new child and time with the child outweighs the decreased monetary benefit of working.
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