I had a long and busy morning yesterday running errands. At 1 pm, I stopped into a favorite neighborhood restaurant for lunch. I had a cup of homemade cream of tomato soup, a patty melt sandwich which came with a side of corn/pasta salad, and an IPA. The bill was $29. I left a $4 tip for a total of $33. Only a few years ago, that lunch was $10 to $12. I’m old enough to remember when you could buy a patty melt for $3, too.
We are so screwed. I started my career in the last bout of inflation and survived because I was getting good raises. I retired five years ago and am now the proverbial “fixed income retiree” scared to death of what’s happening.
I retired 2 years ago. Perfect timing to have my earning power permanently plunge.
Hey, it is all part of the plan!
Even better yet, I sold my before Covid for a move to Tennessee, got caught up in the Covid shutdowns, and by the time I got to Tennessee and decided to stay, homes were up 30-40%. Screwed again. Good thing I am getting used to being screwed over.
I thought I made good enough money for a non doctor non lawyer type...but the way property taxes are way way up plus inflation plus my retirement accounts crashing look out for the poor house.