Without at least 20% deflation, those of us retirees on fixed incomes still are down about 15% since the start of the Biden administration, and with this year’s addition we will be around 23% down on real income.
I don’t care if inflation goes to zero. Retirees have already lost about 15 years of lifetimes savings and interest.
> Without at least 20% deflation, those of us retirees on fixed incomes still are down about 15% since the start of the Biden administration, and with this year’s addition we will be around 23% down on real income.
> I don’t care if inflation goes to zero. Retirees have already lost about 15 years of lifetimes savings and interest.
Aha, but didn’t yellen keep repeating to congress that the mean wage earner income is increasing at a rate which is keeping up with price increases? (so therefore all is well...)