Inflation rates have been announced and it is 6.2% higher than a year ago.
That means if you make $100,00 and do not get a $6,200 raise, you are worse off than a year ago.
9 replies (most recent on top)
bring back COLA.
The more ya make the more taxes they pull. It's a net zero raise for many. (Illinois bad)
This is my first adult recession I was a kid during 08-09. 6.25% with the raising of Wall Street market caps makes no sense.
Some of my investments that hardly keep up with real inflation have gone up way more than 6.25. I was thinking more in line to 7-12% roughly.
Just keep raising premiums, agents paid on commission so we hold even. We get ki---d when the company cuts rates.
#20 million +6%.
I almost fainted when I saw the price of the beef at the grocery store. Gas is awful too.
I worked thru the 70's, 80's and 90's inflation runs.
Has anyone seen 18% mortgage rates? I did...
I want to thank the Federal Reserve for supporting Wall Street for the last 13 years at the expense of everyone and everything else.
Zero percent interest rates are a indication of a very, very unhealthy economic system.
The Fed might as well support Foxwood's Casino above all else...
I certainly hope my raise keeps up with inflation. Need some new toys for the lake house addition.
Wow! Why is inflation so high?