Quote:
Originally Posted by RIJIMMY
I thought personal income was at an all time high?
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doesn't mean jack if the average person's purchasing power has been eroded substantially over time. great. wages are up 5%.
the gov't says inflation excluding food and energy prices is about 2%-3%. what a crock.
it's your personal inflation that matters. how much more are you paying in fuel (heating and gasoline/diesel), medical expenses, and now, food than you were a few years ago? betcha it's a f*ckload more than 2-3% / year. Try like 10-20% annually.