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To: Starboard

Yes I retired early from Education in 2018. Surprisingly even with reduced income my bank accounts and stocks rose steadily until the COVID/Biden twin disasters.

So from pensions I had steady but in no way generous income. I have flipped wrecked cars but that has been very minor profits once costs are calculated. Yet my saving accumulated steadily—or DID under Trump.

Not anymore, I still get the same income as 3 years ago. My accounts now have basically frozen and I’d say we spend even less. Inflation is like a family thief, you don’t even notice it but it quietly steals from you every time you let your guard down or look away for a second.


7 posted on 03/12/2024 7:26:45 AM PDT by Phoenix8
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To: Phoenix8
Inflation also creates the doom loop of spending. Why hold onto your money when its logical to pay now, instead of tomorrow when it could be more expensive.
9 posted on 03/12/2024 8:57:19 AM PDT by Theoria
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