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Inflation far outpaces whatever "fat interest" rates you have on your savings. You need to hold real assets, not fiat currency.
by siftrics 2y ago
Inflation far outpaces whatever "fat interest" rates you have on your savings. You need to hold real assets, not fiat currency.
- t1pster 2y agoFar outpaces? https://www.treasurydirect.gov/marketable-securities/tips/ https://www.treasurydirect.gov/marketable-securities/tips/
- siftrics 2y agoThat's theatrics. Everyone on Wall Street and Main Street knows the true cost of living — housing, gas, and grocery prices — has increased dramatically more than any Fed-anointed number with the word "inflation" near it.
- bryanlarsen 2y agoCertainly not for everyone. If you have a fixed mortgage, and are careful what you buy, you can live like its 2019. I was at the grocery store a week ago and everything in my basket was reasonably priced for 2019: pork, bread, bananas, carrots and potatoes. Is it a coincidence I happened to buy only things that didn't experience inflation? Heck no. Avoid name brands.
- spywaregorilla 2y agohttps://www.officialdata.org/Pork/price-inflation/2019-to-2024?amount=0 https://www.officialdata.org/Pork/price-inflation/2019-to-20... https://www.in2013dollars.com/Fresh-vegetables/price-inflation/2019-to-2024?amount=0.76 https://www.in2013dollars.com/Fresh-vegetables/price-inflati... https://www.in2013dollars.com/Bread/price-inflation/2019-to-2024?amount=0 https://www.in2013dollars.com/Bread/price-inflation/2019-to-... Also if you "have a fixed mortgage" you probably have a fixed mortgage that was locked in at drastically lower rates than current market rates, which is the most advantageous position possible
- bryanlarsen 2y agoYes, name brand bread has gone up in price. So don't buy name brand bread.
- spywaregorilla 2y agoThat doesn't seem likely
- deleted 2y ago[deleted]