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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (135560)	8/8/2013 9:31:16 PM
From: RetiredNow	Respond to of 149317

RW pointed out a 12% increase since last year. My wife's estimate was that she's seen a 100% increase in 4 years. Either way, whether it's 20% annualized or 12% annualized inflation, that's a hell of a lot more than Bernanke would have us all believe. Anyway, one thing I know for sure is that inflation is far higher than reported. You know how I know? My standard of living hasn't changed at all over the last two years. My wife keeps a budget for all our monthly expenditures. I ask her for that budget every year, so I can project how much we'll need in retirement. I forgot to do that last year. So recently I asked her for an update from 2 years ago. Our spending went up 20%. I scrutinized it, because that seemed high to me. Turns out most of it was simply due to inflation, from healthcare to gas, to food, to electricity, water, sewage, cable, phone. Everything was up substantially. The only thing that wasn't up or down was my house, because I paid off our house a few years ago to take money out of the market and secure the roof over our heads. So my wife and I have experienced 10% annualized inflation over the last 2 years with zero increases in our standard of living, and that's a fact. My mom, who lives on a fixed, low income, told me she's squeezed tight and that she says everything's gone up as well. So anyway, inflation is here. The only people who don't acknowledge it are still hoping and praying for an alternate reality according to Bernanke to be somehow true, beyond all rational thought.