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Inflation Beyond the Stars Thread for April 12
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2022 Apr 12, 12:49am 96,471 views 952 comments
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142
Patrick
2022 Aug 12, 12:53pm
Patrick
2022 Aug 12, 12:53pm
Catturd ™
@catturd2
23h
I just got back from the grocery store, and apparently the groceries hadn’t heard about Biden’s new zero inflation claims.
147
zzyzzx
2022 Sep 2, 5:16am
zzyzzx
2022 Sep 2, 5:16am
https://finance.yahoo.com/news/thanks-inflation-gen-z-millennials-110023737.html
Thanks to Inflation, Gen Z and Millennials Will Now Need $3M in Retirement Savings To Live Comfortably
It has long been a rule of thumb to have $1 million saved for a comfortable retirement; but, thanks to inflation, the youngest generation of workers likely will need three times as much. According to a recent analysis conducted by Wealthcare Financial, by the time Gen Z and millennials retire, they will need around $120,000 to $150,000 per year to live comfortably — making $3 million the average amount they need to retire.
I'd say that we are already there.
Thanks to Inflation, Gen Z and Millennials Will Now Need $3M in Retirement Savings To Live Comfortably
It has long been a rule of thumb to have $1 million saved for a comfortable retirement; but, thanks to inflation, the youngest generation of workers likely will need three times as much. According to a recent analysis conducted by Wealthcare Financial, by the time Gen Z and millennials retire, they will need around $120,000 to $150,000 per year to live comfortably — making $3 million the average amount they need to retire.
I'd say that we are already there.
148
Patrick
2022 Sep 8, 9:37am
Patrick
2022 Sep 8, 9:37am
Avi Yemini
@OzraeliAvi
13h
Notice how every authoritarian thug who USED Covid to consolidate power is now BLAMING Covid for the economic collapse they caused.
152
zzyzzx
2022 Sep 13, 7:15am
zzyzzx
2022 Sep 13, 7:15am
https://finance.yahoo.com/news/inflation-grocery-prices-in-august-rise-135-highest-since-march-1979-135420560.html
Inflation: Grocery prices in August rise 13.5%, the highest increase since March 1979
Inflation: Grocery prices in August rise 13.5%, the highest increase since March 1979
163
zzyzzx
2022 Sep 16, 5:42am
zzyzzx
2022 Sep 16, 5:42am
https://finance.yahoo.com/news/argentina-hike-interest-rates-75-200117136.html
Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
172
Onvacation
2022 Sep 22, 7:39pm
Onvacation
2022 Sep 22, 7:39pm
60% energy bill increase on Massachusetts energy bill this winter because of inflation.
179
Patrick
2022 Sep 30, 10:39am
Patrick
2022 Sep 30, 10:39am
https://www.foxnews.com/media/goya-foods-ceo-bob-unanue-accuses-government-using-inflation-enslave-own-greed-power
Goya Foods President and CEO Bob Unanue took a swipe at the Biden administration on Thursday over its handling of the inflation crisis, rising grocery costs and labor shortages that continue to cripple U.S. businesses.
In an interview on "Tucker Carlson Tonight," Unanue accused the White House of weaponizing inflation to "control" the public while using irresponsible unemployment payouts to discourage able Americans from rejoining the workforce.
"At the core of inflation, and it’s out of control – especially in food – is evil, a desire to control us," Unanue told host Tucker Carlson. "When I was a child, my parents said ‘never take candy from a stranger.’ And they’re giving out candy, incentivizing people not to work. They’re taking away our purpose, our spirit, our reason to get up every day. They’re doing it without their own candy, they’re taking our candy, and using it to incentivize us not to work. That’s very inflationary."
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https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati
Frankly, I prefer my spaceship to have big tits and not fake inflated ones.
EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'
https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net