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US Inflation

LaserJay
Not to stir up the hornets nest... but this inflation is wild.
The Consumer Price Index has gone up so much it is insane. (CPI is basically the calculation for the spending power of a US dollar.)

I highly recommend going and calculating your income from the beginning of 2021 vs what it should be now due to inflation.
Here is an example of what that would look like. I used $35 per hour because I thought that was probably a good square number that is reasonable for a programmers salary.



Here is the link to the calculator from the Bureau of Labor Statistics website.
http://data.bls.gov/cgi-bin/cpicalc.pl

Rant over sorry guys lol
Parents
  • Target and Wal Mart sales are up, but profit is down.

    In other words, the prices have risen so much due to inflation, that it is beyond what they feel they can pass on to the customer. Amazingly, they have chosen to eat some of the inflationary cost.

    Inflation is far far above the near 9% they are claiming.

    In my opinion, it's all relative and dependent on the cost of gas. If gas has more than doubled, how can we have 9% inflation?

    At least our 401ks are doing well . . .

    I don't know if I'm going to be able to afford a coal-powered Tesla at the rate things are going.
Reply
  • Target and Wal Mart sales are up, but profit is down.

    In other words, the prices have risen so much due to inflation, that it is beyond what they feel they can pass on to the customer. Amazingly, they have chosen to eat some of the inflationary cost.

    Inflation is far far above the near 9% they are claiming.

    In my opinion, it's all relative and dependent on the cost of gas. If gas has more than doubled, how can we have 9% inflation?

    At least our 401ks are doing well . . .

    I don't know if I'm going to be able to afford a coal-powered Tesla at the rate things are going.
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