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If a guy lives on social security alone, he deserves poverty; any guy can save $250/month during his working lifetime if he is at all responsible.
I don't know anyone who lives on social security alone, and I'm in that age group.
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https://apnews.com/article/inflation-federal-reserve-economy-3f7af74b5e5f814593999f3786dae949
https://www.bea.gov/data/personal-consumption-expenditures-price-index
The Federal Reserve's preferred inflation indicator (Personal Consumption Expenditure (PCE)) was 2.3% for last 12 months as reported today, and it is up from 2.1%.
From 1992 to 2020, the PCE was primarily between 1 and 3%. Those were the days.
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Buy your own quote says it's still below 3%, so it's still "the days".
One idea is to have a slight means test for social security
... the price of butter up 30%. Dairy, oil and vegetables are up 74% since December ...
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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