Forum Replies Created
-
AuthorPosts
-
bsrsharma
ParticipantParticipantParticipantParticipantParticipantA brisk rise in American wages
Pay rose faster than the cost of living for the first time in years.American paychecks are rising again at a pace not seen since the 1990s.
The pay increase amounts to 4 percent on average over the past 12 months, and it comes at a very helpful time for millions of households.For three years, pay increases haven’t kept pace with the rising cost of living. Then came this year’s housing slowdown, which has further squeezed family finances.
Those setbacks, however, are now being offset by rising income. Four percent may not sound like much, but you have to look back to 1997 to find a calendar year with a gain that big.
Equally significant, tamer energy prices mean that the “real” wage gains, after inflation, are above 3 percent for the past 12 months. That, too, hasn’t happened since the 1990s, even though the economy has been expanding over the past five years………..
ParticipantA brisk rise in American wages
Pay rose faster than the cost of living for the first time in years.American paychecks are rising again at a pace not seen since the 1990s.
The pay increase amounts to 4 percent on average over the past 12 months, and it comes at a very helpful time for millions of households.For three years, pay increases haven’t kept pace with the rising cost of living. Then came this year’s housing slowdown, which has further squeezed family finances.
Those setbacks, however, are now being offset by rising income. Four percent may not sound like much, but you have to look back to 1997 to find a calendar year with a gain that big.
Equally significant, tamer energy prices mean that the “real” wage gains, after inflation, are above 3 percent for the past 12 months. That, too, hasn’t happened since the 1990s, even though the economy has been expanding over the past five years………..
ParticipantA brisk rise in American wages
Pay rose faster than the cost of living for the first time in years.American paychecks are rising again at a pace not seen since the 1990s.
The pay increase amounts to 4 percent on average over the past 12 months, and it comes at a very helpful time for millions of households.For three years, pay increases haven’t kept pace with the rising cost of living. Then came this year’s housing slowdown, which has further squeezed family finances.
Those setbacks, however, are now being offset by rising income. Four percent may not sound like much, but you have to look back to 1997 to find a calendar year with a gain that big.
Equally significant, tamer energy prices mean that the “real” wage gains, after inflation, are above 3 percent for the past 12 months. That, too, hasn’t happened since the 1990s, even though the economy has been expanding over the past five years………..
Participantdjrobsd – we are being so blinded by the flash of the bubble burst that sometimes we forget that macroeconomic dynamics are propelling us to high inflation regime. That means, his 475K loan today is already worth half of that in 10 years when he has to repay with cheap $. When $ declines, real estate prices go up due to the natural forces of inflation. That 475K will be barely sufficient to by a small condo in 10 years – think $8 gas, $15 minimum wage, $2000 rent for a one bedroom apartment, $2000 per Oz Gold, $300 Bbl oil – you get the picture. He will be paying $3000 per month on a monthly salary of of $20K! When everything else doubles, his repayments will look puny.
Participantdjrobsd – we are being so blinded by the flash of the bubble burst that sometimes we forget that macroeconomic dynamics are propelling us to high inflation regime. That means, his 475K loan today is already worth half of that in 10 years when he has to repay with cheap $. When $ declines, real estate prices go up due to the natural forces of inflation. That 475K will be barely sufficient to by a small condo in 10 years – think $8 gas, $15 minimum wage, $2000 rent for a one bedroom apartment, $2000 per Oz Gold, $300 Bbl oil – you get the picture. He will be paying $3000 per month on a monthly salary of of $20K! When everything else doubles, his repayments will look puny.
Participantdjrobsd – we are being so blinded by the flash of the bubble burst that sometimes we forget that macroeconomic dynamics are propelling us to high inflation regime. That means, his 475K loan today is already worth half of that in 10 years when he has to repay with cheap $. When $ declines, real estate prices go up due to the natural forces of inflation. That 475K will be barely sufficient to by a small condo in 10 years – think $8 gas, $15 minimum wage, $2000 rent for a one bedroom apartment, $2000 per Oz Gold, $300 Bbl oil – you get the picture. He will be paying $3000 per month on a monthly salary of of $20K! When everything else doubles, his repayments will look puny.
November 1, 2007 at 12:12 PM in reply to: Advice wanted concerning retirement options! Please read #94235ParticipantWhat are your own assets – pensions/social security/401(k)/IRA/Medicare? I am sure you have an identity of your own and you are not just your wife’s parasite! As a man, I would like to think you can take care of yourself. Help from wife is great, but to think you will die penniless as a ward of state without her babysitting you paints you as a big loser.
November 1, 2007 at 12:12 PM in reply to: Advice wanted concerning retirement options! Please read #94273ParticipantWhat are your own assets – pensions/social security/401(k)/IRA/Medicare? I am sure you have an identity of your own and you are not just your wife’s parasite! As a man, I would like to think you can take care of yourself. Help from wife is great, but to think you will die penniless as a ward of state without her babysitting you paints you as a big loser.
November 1, 2007 at 12:12 PM in reply to: Advice wanted concerning retirement options! Please read #94281ParticipantWhat are your own assets – pensions/social security/401(k)/IRA/Medicare? I am sure you have an identity of your own and you are not just your wife’s parasite! As a man, I would like to think you can take care of yourself. Help from wife is great, but to think you will die penniless as a ward of state without her babysitting you paints you as a big loser.
Participant$100 oil is very good for the environment; $200 would be much better than any number of Al Gore’s movies – though GM & Ford will go bankrupt and hurt Midwest very badly.
-
AuthorPosts
