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03-11-2022, 06:35 PM
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#1
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Senior Member
Join Date: Mar 2019
Posts: 672
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Inflation...
Just saw on the news that in reality, our current inflation is the highest in our nation's history.
Why? They said if we use the CPI measurements used back in the 70s...our inflation would be about 21%.
I feel really bad for those on fixed incomes and/or retirees.
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03-11-2022, 08:22 PM
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#2
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Senior Member
Join Date: Jul 2000
Location: Chicago Metro
Posts: 3,963
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Quote:
Originally Posted by Homeby5
Just saw on the news that in reality, our current inflation is the highest in our nation's history.
Why? They said if we use the CPI measurements used back in the 70s...our inflation would be about 21%.
I feel really bad for those on fixed incomes and/or retirees.
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agree. but on the plus side, interest rates on CD's might go up.
__________________
Rich, Ham Radio, Sport Pilot
Retired 9-1-1 Admin.
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03-11-2022, 08:34 PM
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#3
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Senior Member
Join Date: Jan 2015
Location: Prescott, Arizona
Posts: 3,564
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Quote:
Originally Posted by rk911
agree. but on the plus side, interest rates on CD's might go up.
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I doubt enough to cover inflation.
__________________
'04 Newmar MADP, 1100w of solar, Rubicon toad
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03-12-2022, 01:58 AM
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#4
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Senior Member
Join Date: Mar 2021
Location: Northern California
Posts: 1,285
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Quote:
Originally Posted by Homeby5
Just saw on the news that in reality, our current inflation is the highest in our nation's history.
Why? They said if we use the CPI measurements used back in the 70s...our inflation would be about 21%.
I feel really bad for those on fixed incomes and/or retirees.
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I feel for them too. And for those hard working folk who have struggled to make ends meet and put a few bucks in the bank -- then wham, they get hit hard. I'll be glad when this whole mess settles down.
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03-12-2022, 04:31 AM
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#5
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Senior Member
Join Date: Oct 2019
Location: North Dakota
Posts: 196
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It's here to stay.
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03-12-2022, 06:29 AM
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#6
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Senior Member
Join Date: Mar 2019
Posts: 672
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Quote:
Originally Posted by rk911
agree. but on the plus side, interest rates on CD's might go up.
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Not until the Fed raises interest rates significantly. And when that happens, our economy will really suffer.
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03-12-2022, 07:24 AM
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#7
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Senior Member
Join Date: Nov 2010
Posts: 2,415
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To many fee loaders on the system.
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03-12-2022, 07:29 AM
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#8
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Senior Member
Join Date: Jul 2014
Posts: 409
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Saw a report the other day that was saying the banks will NEVER pay depositors any appreciable interest on deposited money again, thanks to the the fact the banks now access there money directly from the fed. Some sort of fair money act that spreads the money to all banks rather than keep the main lending areas in larger faster growing more prominent areas.
__________________
2006 Fleetwood Revolution LE
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03-12-2022, 01:25 PM
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#9
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Senior Member
Workhorse Chassis Owner
Join Date: Jan 2002
Posts: 1,896
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Samuel Clements said: There are lies.....damned lies.....and then statistics.
__________________
2003 Dolphin LX 6355 w/ W22 chassis; 8.1L gas & Allison 1000
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03-12-2022, 01:31 PM
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#10
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Senior Member
Join Date: Jul 2005
Posts: 5,996
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Quote:
Originally Posted by Old-Biscuit
Standard monthly premiums for Part B will cost $170.10 in 2022, up from $148.50 in 2021.
A $20.61 increase (14.5% increase)
Social Security COLA increase was 5.9%
Which is roughly a $92 avg monthly increase
So YES the SS COLA increase is MORE then the Med B Increase
But it isn't the only increase....fuel, groceries, clothing, etc
Inflation affects all aspects
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Guess I'll move to a warmer climate and give up clothing. Look out world!
__________________
TandW
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03-12-2022, 01:39 PM
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#11
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Senior Member
Join Date: Nov 2015
Posts: 26,818
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Quote:
Originally Posted by TandW
Guess I'll move to a warmer climate and give up clothing. Look out world!
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I tried that....neighbors signed a petition. Had the neighbor across the street deliver it...he's a Local Sheriff
__________________
I took my Medication today. HAVE YOU?
Dodge 3500 w/Tractor Motor
US NAVY---USS Decatur DDG-31
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03-12-2022, 01:42 PM
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#12
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Senior Member
Join Date: Jul 2005
Posts: 5,996
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Quote:
Originally Posted by Old-Biscuit
I tried that....neighbors signed a petition. Had the neighbor across the street deliver it...he's a Local Sheriff
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But then I will self-describe as a sun-worshipper and no-one will dare touch me!
__________________
TandW
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03-12-2022, 01:47 PM
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#13
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Senior Member
National RV Owners Club Workhorse Chassis Owner
Join Date: May 2000
Location: California Central Coast
Posts: 2,034
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Or want to touch you eeewww.
__________________
2006 Sea Breeze LX 8341 on a Workhorse W22 Chassis with 22.5 Alcoa Alum wheels,
2011 Chevy Colorado 4X4 with Ready Brake
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03-12-2022, 01:49 PM
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#14
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Senior Member
Join Date: Jul 2005
Posts: 5,996
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Quote:
Originally Posted by Glenn and Kathy
Or want to touch you eeewww.
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Ouch!
__________________
TandW
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