Heard that on a Podcast yesterday .... ironically, I think
SBUX was the one that stayed closer to inflation of all the big
restaurant chains ... Although one might say it was
already inflated quite a bit to start with ... ;)
Posted by DigiNomad on 5th of Apr 2024 at 02:00 pm
I work with quite a few people in retirement so I have to help
them consider this stuff often. The common mistake people make is
using a Gov projection of 2 -3 % inflation to calculate if they are
likely to run out of money or not after 30 years of retirement. Now
it's a 40 year projection in many cases and the Gov numbers
were never accurate in the 1st place and they are much less
so now. This is how the middle class gets annihilated. Most
American citizens, if they live long enough, will spend their final
years almost completely dependent on the Gov. Because...math.
*If you run out of money, you were never really middle class
to start with. The Gov champions the notion that most of us are
middle class to encourage current consumption.
McDonalds inflation
Posted by matt on 5th of Apr 2024 at 01:49 pm
Heard that on a Podcast
Posted by mla127 on 5th of Apr 2024 at 02:05 pm
Heard that on a Podcast yesterday .... ironically, I think SBUX was the one that stayed closer to inflation of all the big restaurant chains ... Although one might say it was already inflated quite a bit to start with ... ;)
I work with quite a
Posted by DigiNomad on 5th of Apr 2024 at 02:00 pm
I work with quite a few people in retirement so I have to help them consider this stuff often. The common mistake people make is using a Gov projection of 2 -3 % inflation to calculate if they are likely to run out of money or not after 30 years of retirement. Now it's a 40 year projection in many cases and the Gov numbers were never accurate in the 1st place and they are much less so now. This is how the middle class gets annihilated. Most American citizens, if they live long enough, will spend their final years almost completely dependent on the Gov. Because...math.
*If you run out of money, you were never really middle class to start with. The Gov champions the notion that most of us are middle class to encourage current consumption.
MCD- If you bought stock instead
Posted by elementsix on 5th of Apr 2024 at 01:58 pm
MCD- If you bought stock instead of the burgers...