They say inflation is going down since 2023 but I still see everything breaking the bank including basics like groceries to homes. Stock market is predicting a recession next year by end of year. Taking careful financial steps and planning next year is the key to survive.
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Let’s not talk electric rates in Texas. They went up quite a bit after the ice storm a few years ago. All the new data centers are making it more expensive. Saving money on gas at the moment but kind of scared to see my electric bill after this bout of cold weather.
Inflation impacts you depending on your circumstances. Groceries, property taxes, home insurance is going through the roof. If you are lucky enough to be in the category of having enough to cover this with no problem you don’t care. However this issue is moving up the ladder. However even people in my area are starting to talk about spending 15-20 for a burger,fries and a drink. Not even talking 5 Guys. Also starting to see more for lease signs in shopping centers. Things are getting worse for the bottom 60%. Know some folks trying to get by with Tofu because they can no longer afford meat.
@OP too much CNN for you
"Gas in the Chicago suburbs are down to about $2.75 a gallon. Last year it was close to $4."
Nothing lowers fuel prices like deceasing demand. Commodity prices, including oil, orange juice, and lumber are 100% supply and demand prices set by worldwide markets.
During the COVID shutdown a sudden decrease in demand, followed by an oversupply drove oil prices through the floor. Jet fuel prices even went NEGATIVE, as there was no place to put what wasn't being consumed.
The inflation rate is going down, and it is much lower than it was during the Biden years. However, inflation still exists. Unfortunately, the job market is stalled so there is not opportunity for the wage rates to catch up with the historically high inflation rates we experienced.
@bf Yep, Trump introduced trillions into the economy during the onset of Covid, spiking inflation.
While the Biden administration terrible economic policies held a drowning man under the water.
My favorite part was when the Biden administration tried to redefine "recession." Same as the term "vaccine."
Straight lies.
The way it works now is no one will admit there is a recession until it is over and a new admin is in the White House. They manipulate all the official metrics while they are in power to make themselves look good and dump the issues on the next guy. Both parties do it. A bunch of academics will tell you all about the recession of year x in lectures they give in year x+10.
Read something about 8-12 thousand bonus payouts the last couple of years. Obviously not part of the base that you can plan on but if true what does that do to a yearly payout. Seems kind of high but I have pretty much expected a few thousand every year. Never spend it until I get my figure but it has been consistent for years.
We have successfully picked 12 of the last 10 recessions. On a serious note, I wonder if all the interest rate manipulation and govt borrowing make it hard to say definitely if we are in one. The economy still su-ks but it’s technically growing
Gas in the Chicago suburbs are down to about $2.75 a gallon. Last year it was close to $4. As gas continues to go down so will other goods. Stocks were on fire and should continue to be in 2026, especially tech. Att stick is projected to go as high as $33.
All that means is the rate at which it’s increasing wasn’t as high. So instead of 10% it was a 2.7% this year. Still up, but instead of it costing another arm and a leg, you lost a finger this year. Sadly those of us working here as exempts haven’t had decent raises in years, so our purchasing power is way down. At the rate of the inflation adjustments with less than 2% annual raises, we’ll be at the poverty wage in another decade or so.
I'll take some deflation right about now
Prices don't come back down. That is not how inflation works. If they did it would be called deflation and the entire economy would panic. The best you can hope for is that wages catch up to retail prices, but the only way to harvest that is to change jobs. Companies do not compensate their current employees for inflation adequately if at all. To get the new market price for your labor you have to be hired elsewhere.
Officer that reports directly to the CEO: The corporation got a gift in the form of The Big Beautiful Bill, that doesn’t mean you are going to benefit from it in the bonus payout.
So, there you go people. The health of corporations is now more important than the health of individual Americans. Tell your friends to enjoy the 11 percent discount off their $2000 a month medical insurance premium while having a tall cold glass of water filled with forever chemicals.
Simple:
Govt supplementing healthcare bad.
Govt supplementing corporations good.