Retirees' Social Security checks have lost significant buying power

Article Title: Retirees' Social Security checks have lost significant buying power
Snippet of Article: "Inflation has taken a toll on seniors' ability to make ends meet, as annual cost-of-living adjustments fail to keep up. ...Retirees would need, on average, a $370 monthly boost in their Social Security checks to make up for a 20% loss of buying power since 2010.

That means today’s average monthly benefit of $1,860 for retired workers would need to rise to about $2,230, according to a new report from the Senior Citizens League, a nonpartisan group.

The spoiler: inflation. ..."

Source: yahoo.com

[tag] Democrats do nothing to help retirees and they are in power now!, Inflation has destroyed boomer retirees, Root Causes of Inflation is Democrat Rule, Do Nothing Democrats, [/tag]

Does CPI understate true inflation?

Article Title: Does CPI understate true inflation?
Snippet of Article: "...There are a couple of significant problems with this metric.

In the first place, the CPI doesn't measure "inflation." Inflation properly defined is an increase in the money supply. Rising consumer prices is one symptom of inflation, but it is not in and-of-itself inflation.

Setting aside the issues with using the CPI as the definition of inflation, the metric itself is deeply flawed and understates the extent of price increases in the economy. ..."

Source: schiffgold.com

[tag] The CPI Sham. True Inflation, The Destruction of Federal Pensions and Social Security Through CPI-W, [/tag]

US futures slide as doubts about the economy grow

Article Title: US futures slide as doubts about the economy grow
Snippet of Article: "US stocks sank into the red early Tuesday ...Recent weak data has prompted Wall Street strategists to scale back their optimism for economic growth...Federal Reserve officials have warned against hoping for a pivot anytime soon as they wait for inflation to cool sufficiently ..."

Source: finance.yahoo.com

[tag]Bidenomics, The Biden Years, [/tag]

What To Expect From March’s CPI Inflation Report | Not Good Again

Article Title: What To Expect From March’s CPI Inflation Report
Snippet of Article: "...The CPI report for March 2024 will be released by the Bureau of Labor Statistics on April 10 at 8:30 a.m. ET. As of February’s CPI report, annual inflation is 3.2%, or 3.8% excluding food and energy. That data compares with the FOMC’s annual inflation target of 2%.

Nowcasts currently suggest March inflation data will come in at 0.34% for CPI and closer to 0.25% for PCE. Stripping out food and energy prices, the corresponding nowcasts are currently 0.31% and 0.23%, respectively. These inflation nowcasts are modeled by the Federal Reserve Bank..."

Source: www.forbes.com

[tag] March 2024 CPI, Bidenomics,Inflation,The Biden Years,Destruction of Retirees, [/tag]

Bidenomics | Biden slammed for bragging he is bringing prices down - even though they are UP since he entered office

Article Title: Biden slammed for bragging he is bringing prices down - even though they are UP since he entered office
Snippet of Article: "FACT: Since Biden took office, airfare is up 21%, Thanksgiving dinner was up 25%, and gas prices are $0.86/gallon higher ...Inflation may have slowed and some prices may have dropped since last year, but most prices are still higher than they were before the pandemic. ...inflation raced out of control because of Biden's stimulus spending."

Source: www.dailymail.co.uk

[tag] Destruction of Retirees,destruction of the working class,Destruction of America,Destruction of U.S. Eldery,Bidenomics,Biden Legacy,Inflation, [/tag]

Biden Influence on Inflation | Owning a New Car Out of Reach for U.S. Working Class After Huge Union Pay Increases,

Article Title: Biden speaks with UAW head after tentative deals struck with Big Three
Snippet of Article: "The agreement, which must still be approved by union members, would include a 25 percent general pay increase over the course of a four-year contract, increased retirement benefits and more paid leave. “I applaud the UAW and the leaders of the automobile companies for agreeing that all the workers on strike and all of those who were walking the picket lines on behalf of their UAW brothers and sisters can go back to work immediately, even before the vote is taken,” Biden said. ..."

Source: www.valleycentral.com

[tag] Bidenomics,Bankrupting of America,destruction of the working class,Destruction of Retirees, Destruction of Middle Class,Biden Legacy, [/tag]