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Are you concerned about inflation?
Inflation hit a 39 year high and is growing at a pace faster than expected. Consumer prices rose 0.8% in just last month alone and are 6.8% higher from a year ago. As such if you were lucky enough to get a 5% raise you actually got a pay cut of about 2%. Inflation is even more concerning for those on a fixed income as now your dollar isn't really worth a dollar any more. The jury is still out on whether it is a temporary or a more permanent problem, but there are signs that it is not to abate any time soon which could result in the Fed raising rates which would slow growth.
https://www.wsj.com/articles/us-inflation-consumer-price-index-november-2 [login to see] 8867
Inflation hit a 39 year high and is growing at a pace faster than expected. Consumer prices rose 0.8% in just last month alone and are 6.8% higher from a year ago. As such if you were lucky enough to get a 5% raise you actually got a pay cut of about 2%. Inflation is even more concerning for those on a fixed income as now your dollar isn't really worth a dollar any more. The jury is still out on whether it is a temporary or a more permanent problem, but there are signs that it is not to abate any time soon which could result in the Fed raising rates which would slow growth.
https://www.wsj.com/articles/us-inflation-consumer-price-index-november-2 [login to see] 8867
U.S. Inflation Hit a 39-Year High in November
Posted from wsj.com
Economy
Money
Retirement
Joe Biden
Posted 4 y ago
Responses: 3
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Yeah, but the leftist news outlets are telling us inflation is a good thing.....
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Sgt (Join to see)
SPC David S. - Agreed. And what do you see the current administration doing about it? I mean besides passing trillion dollars spending infrastructure bills that are only 11% infrastructure?
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SFC Randy Hellenbrand
LOL!! Donnie caused it because this don't happen in just a year. So, were you in DC on the 6th???
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Sgt (Join to see)
SFC Randy Hellenbrand - Yes, this is happening because of progressive policies. Biden is a puppet, only doing as his handlers tell him.
What does where one was in January have to do with anything? Are you working for the FBI?
What does where one was in January have to do with anything? Are you working for the FBI?
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AND HIT A 52 YEAR LOW ON NEW UNEMPLOYMENT!! Brandon does better by 13 years there TRUMPTARDS!! And FYI, this shit has been brewing from the dotard's mess. Flat wages, PPI and CPI both went up, massive deficit, huge unemployment due to his total screw-up of covid, and lets not forget the orange idiot's great tariffs that WE HAVE TO PAY!!!!!!!!!! But go and lie there trumpkins cause your still traitors!!!
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SPC David S.
Unemployment being low is a result of high inflation - so in blaming Trump for inflation you are actually giving Trump credit for the low unemployment. So no using your blame the guy before logic Biden does not do better by 13 years with unemployment.
No matter how wonderful the socialist view from inside Biden's ass make look when the midterms come around voters will see it as Joeflation's fault.
https://www.investopedia.com/ask/answers/040715/what-happens-when-inflation-and-unemployment-are-positively-correlated.asp#:~:text=Low%20levels%20of%20unemployment%20correspond,lower%20inflation%20and%20even%20deflation.&text=When%20unemployment%20is%20low%2C%20more,when%20demand%20rises%2C%20prices%20follow.
No matter how wonderful the socialist view from inside Biden's ass make look when the midterms come around voters will see it as Joeflation's fault.
https://www.investopedia.com/ask/answers/040715/what-happens-when-inflation-and-unemployment-are-positively-correlated.asp#:~:text=Low%20levels%20of%20unemployment%20correspond,lower%20inflation%20and%20even%20deflation.&text=When%20unemployment%20is%20low%2C%20more,when%20demand%20rises%2C%20prices%20follow.
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