Rising energy costs combined with the congresses passing on this minimum wage hike are gonna drive the cost of goods and services through the roof.
My income isnt tied to the min wage. Yours probably isnt either.
Retirees on fixed incomes are gonna get squeezed hard
“Rising energy costs combined with the congresses passing on this minimum wage hike are gonna drive the cost of goods and services through the roof.... Retirees on fixed incomes are gonna get squeezed hard”
Imported goods will be more expensive, and that includes energy. However, most seniors have a stock portfolio, and that is doing well, and normally the market performs very well during such times (remember 1983?).