Balancing a fixed income with inflation, a Georgia retiree feels stuck

Title: Balancing a fixed income with inflation, a Georgia retiree feels stuck

Article Snip: "... Retired and taking care of her husband, Breland has seen rising prices for everything from groceries and utilities to insurance and home maintenance eat into her fixed income. She has also seen her friends struggle with inflation, as well, through the church she volunteers at. ... increasing financial pressure and has been looking to cut her monthly expenses in the face of rising prices for groceries, utilities, insurance and home maintenance. “All the money I will ever have come in is what I have now,” she said."

Reference: www.nbcnews.com
Inflation

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West Virginia is the most affordable state, study says

Title: West Virginia is the most affordable state, study says

Article Snip: "...CLARKSBURG, W.Va. (WBOY) — If you’re looking for an affordable state to live and buy a home, several recent studies say that West Virginia is your best option in the U.S. A recent report by doxo used the 2024 Cost of Bill Index (COBI) found that West Virginia’s standard cost of living is 25% lower than the national average. ..."

Reference: www.wboy.com
Many Are Moving Out of the Democrat's Expensive & Crime Infested Cities,

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Yay! Bidenomics CPI Manipulation Got You Again | Inflation isn't as bad as yo feel it, don't believe your lying purse

Title: Cooling Inflation Has 2025 Social Security COLA Estimate Dropping

Article Snip: "These latest estimates are based on the Bureau of Labor Statistics’ (BLS) consumer price index (CPI) data for May, ... For the month, the index decreased 0.1% prior to seasonal adjustment. ...As such, the CPI-W can undercount when compared to spending patterns of older consumers Consumer Price Index for the Elderly (CPI-E), which means it can subsequently underpay Social Security recipients, she notes. “This disparity suggests that my COLA estimate, which is based on the CPI-W, may be undercounting real senior inflation by more than 10%,” says Johnson. "

Reference:
CPI-W undercounting real senior inflation, The Financial Raping of Seniors, The Biden Years,

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Destruction of the American Retiree | Stocks Retreat After Fed Minutes Show Uncertainty Over Inflation

Title: Stocks Retreat After Fed Minutes Show Uncertainty Over Inflation

Article Snip: "...Stocks fell Wednesday after minutes from the Federal Reserve’s latest policy meeting showed concerns about persisting inflation and cast more doubt on when officials might cut interest rates. The S&P 500 declined 0.3% and the Nasdaq Composite edged 0.2% lower after ..."

Reference: Wall Street Journal
Biden/Democrat Inflation Silent Tax on Retirees,Inflation,2024,Destruction of those on Social Security,

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What Risks Do Near Retirees and Retirees Face from Inflation

Title: What Risks Do Near Retirees and Retirees Face from Inflation

Article Snip: "...High inflation tends to harm older households, but the size of the impact varies due to three factors: the extent to which income and assets...retirees are hurt more than near retirees as, outside of Social Security, their income is less indexed to prices and they hold less debt. ..."

Reference: crr.bc.edu
Democrat Inflation Silent Tax on Retirees,Destruction of Retirees,Manipulation of CPI using CPI-W To Destroy Retirees,

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Following Biden's Inflation lies, Senator Blackburn’s inflation fact sheet corrects the purposeful misrepresentations

Title: Blackburn Releases Inflation Fact Sheet Following Biden Lies

Article Snip: "...U.S. Senator Marsha Blackburn (R-Tenn.) released a fact sheet on the “True Cost of Bidenflation” in response to President Biden’s repeated dishonesty about his economic record. Under the Biden administration, inflation hit its highest rate in 41 years, and prices across the board are up nearly 20%. ...While the inflation rate is only up 3.4% over the past year, prices are up nearly 20% across the board since President Biden took office."

Reference: www.blackburn.senate.gov
True Cost of Bidenflation, Biden Inflation Lies vs True Inflation,

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Bidenomics Strikes Another Inflation Blow to Retirees and the Middle Class

Title: US Inflation Rises in February in Sign Price Pressures Remain Elevated

Article Snip: "Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge...Prices rose 0.4% from January to February, higher than the previous month's figure of 0.3%, the Labor Department said Tuesday. Compared with a year earlier, consumer prices rose 3.2% last month, faster than January's 3.1% annual pace.

Excluding volatile food and energy prices, so-called "core" prices also climbed 0.4% from January to February... "

Reference: www.voanews.com
Bidenomics,Inflation,Feb. 2024 CPI, CPI,Persistent Inflation Under Biden,

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The Biden Years | The US may have tiptoed around a recession last year, but it won't be so lucky in 2024

Title:

Article Snip: "...careful look at the labor market now will suggest that hiring has just ground to a halt...The problem is that the Fed badly misread how long high inflation would linger...In December, the core inflation print notched an annual 3.2% increase. "They've never missed in that direction by that magnitude ..."

Reference: www.businessinsider.com
2024, The Biden Years,Inflation,Recession 2024,Biden Legacy,Destruction of Seniors,Destruction of Retirees,

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Bidenflation Archives

Title: Bidenflation Archives

Article Snip: "...From denying inflation and claiming it was “temporary,” to passing the buck with “Putin’s Price Hike,” the White House and congressional Democrats are out of touch with the challenges Americans face. The typical family now has to spend $450 more per month to buy the same goods and services they did a year ago, prompting more Americans to rely on loans and credit cards to make ends meet, even as the Federal Reserve makes borrowing more expensive. ..."

Reference: waysandmeans.house.gov
Bidenflation Archives, Bidenflation,Inflation,

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2024 CSRS COLA for federal retirees will be 3.2%, Social...

Title: 2024 COLA for federal retirees will be 3.2%, Social...

Article Snip: "...Retirees to see smaller Social Security COLA boost as inflation...Those under FERS get the full amount if the CPI-W increase is less than 2%. If it increased between 2% and 3%, the COLA is a flat rate of 2%. If it increased more than 3%, the COLA is the value of the CPI-W minus one. "

Reference: www.federaltimes.com
Inflation,2024 COLA for federal retirees,

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Bidenomics | U.S. Mortgage Rates Jump to Highest Level Since 2002

Title: Bidenomics | U.S. Mortgage Rates Jump to Highest Level Since 2002

Article Snip: "The average 30-year fixed-rate mortgage has climbed above 7 percent, making it harder for buyers to afford homes, which are already in short supply. ...mortgage rates began abruptly rising last year, when the Federal Reserve started lifting interest rates to rein in rapid inflation, the housing market has stagnated, as owners with low mortgage rates have been unwilling to put their homes up for sale. In June, sales of existing homes fell nearly 19 percent from the year before, according to the National Association of Realtors. ..."

Reference: www.nytimes.com

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Lowering inflation to the Fed's target would require a deep recession that more than doubles unemployment, say Cleveland Fed economists

Title: Lowering inflation to the Fed's target would require a deep recession that more than doubles unemployment, say Cleveland Fed economists

Article Snip: "The economists added that for the Fed's stated 2% inflation target to be achieved, the unemployment rate would have to climb to 7.4% for one year. That's more than double the currency jobless rate of 3.4%. "A deep recession," the economists said, "would be necessary to achieve the SEP's projected inflation path. ..."

Reference: businessinsider.com
Inflation, Biden Economy 2023, Unemployment Under Biden, Failed Economic Policies (2023), Recession 2023, Fed's stated 2% inflation target,

Early retiree’s net worth is down over $200,000 since 2021, but he’s not going back to work: ‘That is the worst-case scenario’

Title: Early retiree’s net worth is down over $200,000 since 2021, but he’s not going back to work: ‘That is the worst-case scenario’

Article Snip: "...Adcock hasn’t even considered the possibility of returning to full-time work, or even picking up a side hustle. “Absolutely, positively not. That’s never entered my head even a little bit,” says Adcock, who previously worked in information technology for 14 years. “That is the worst-case scenario.”..."

Reference: www.cnbc.com