Location : Wabbit Hole
Job/hobbies : Cayman Islands Actuary
|Subject: This Is One Of The Big Reasons Why So Many Families Are Feeling Extreme Financial Stress Fri Feb 17, 2017 4:42 pm|| |
|When the cost of living rises faster than paychecks do year after year, eventually that becomes a very big problem. †For quite some time I have been writing about the shrinking middle class, and one of the biggest culprits is inflation. †Every month, tens of millions of American families struggle to pay the bills, and most of them donít even understand the economic forces that are putting so much pressure on them. †The United States never had a persistent, ongoing problem with inflation until the debt-based Federal Reserve system was introduced in 1913. †Since that time, we have had non-stop inflation and the U.S. dollar has lost more than 98 percent of its value. †If our paychecks were increasing faster than inflation this wouldnít be a problem, but in recent years this has definitely not been the case for most Americans.|
And unfortunately inflation is starting to accelerate once again. †In fact, it is being reported that inflation rose at the fastest pace in four years in JanuaryÖ
- Quote :
- † †The prices Americans pay for goods and services surged in January by the largest amount in four years, mostly reflecting a rebound in the cost of gasoline thatís taking a bigger chunk out of household incomes.
† †The consumer price index, or cost of living, rose by a seasonally adjusted 0.6% in January, the government said Wednesday.
Meanwhile, our incomes have been incredibly stagnant. † In fact, we just learned that median household income did not go up at all during 2016.
This is one of the reasons why we consistently see families fall out of the middle class month after month. †Even if you keep the same job year after year, your standard of living is going to steadily go down unless your pay goes up.
The things that we all spend money on month after month just keep going up in price. †I am talking about food, housing, medical care and other essentials. †If there is one thing that we can always count on, it is the fact that things are going to cost more tomorrow than they do today.
Letís talk about food for a moment. †Whenever I go to the grocery store, I am almost always shocked. †I still remember a time when I could get everything that I needed for an entire week for about 20 bucks, but these days you canít even fill up one cart for 100 dollars.
Anarcho Capitalists Retail , Molyneux Cult Watch Souvenir Mall , OZschwitz Downunder BoutiqueAnarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist, Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy