So long as the artificially low interest rates executed byvthe FED remain in place, the debt bomb is growing, housing bubble is inflating, stock market bubble is in stratosphere.
By artificially low I mean much lower than real inflation in main street economy. I got 1.6% raise in social security for 2020, which is not even close to inflation at grocery stores, car prices, car repairs, utility rates, property taxes, hospital bills, doctor’s bills, prescription drugs, iphones, restaurant menu, etc. CPI at 1.6%? what a freaking cruel joke.
You’ve given us half of the equation to prove your claim of inflation being higher than reported, But what about the other half such prices coming down on electronics, gasoline etc?
I live in SC and can buy a gallon of whole milk for $1.00 and just bought a 75 inch smart TV for a tad over $800. My take is strong advances in technology will increase production markedly in the near future and this will keep inflation in check.
Be thankful you got any increase. I got an increase, but the larger increase in what is deducted for medicare meant that the net check I get went down. This has been the case for the past 10 years. The incredible shrinking SS "benefit".