[kiltie65]

Yup, inflation/cost of living is much more worrying to those that have paid for their homes and are now living on retirement income. I bought 3# of lean hamburger yesterday for $4.49 a lb. If I had to pay a mortgage at this point in my life, on top of increased prices for food, gas, propane, electricity, etc., I would find it difficult to make it.

[ForYourChildren]

Here is how the greater depression affects individuals from 2008 to 2013.

Almost 50% inflation on the essentials such as food, gas, toiletries, etc.

And yet, income declined by 10%.

US Census showed median income went from $56,000 to $51,000.

With real unemployment U6 well somewhere around 12-14% and shadowstats at about 24%, the economy sucks.

And also people are not spending money. There are now articles on how people are "hoarding" money. Well yes, people are not doing well in this Greater Depression, and as a result, they are tightening their belts, holding onto what little they have left, because they don't know what is around the corner, or in other words, how Obama and the democrats are going to screw them again.