Not really - you don't know how much he is paying in child support or if he has an online gambling passion.
Perception is not always the reality
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The bellweather stock I will watch to see how the US and global economy is doing
- Thread starter GON
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Perception is not always the reality
I just spent $150 for at Cooper's Hawk... Dating is expensive!
Stay single guys, it's cheaper!
This place?
An upscale casual restaurant | Cooper's Hawk
We passionately believe that food and wine hold the power to forge lasting connections, setting the table for a life well lived.
chwinery.com
That works both ways and proves my point. You can't assume that the folks spending money at Starbucks are part of the higher wealth tier.
GON
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Not really. That's the difference microeconomics and macroeconomics.
Gon is saying in the OP he is just using this particular stock as a bellweather.
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Totally get what you’re saying. My friend complains about inflation every single day, and the economy, but his investments are up 20% for the year, he’s making more money than he ever has, and he vacations five times a year. His wife also owns a business and she comments about how much she has raised her prices and is enjoying the extra income. I’m in the same boat. And for all the complaining about fuel prices, I can’t tell you how many $70,000 luxurious pickup trucks blast past me on the highway every morning doing 90 mph, getting 15 mpg.
GON
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Glad inflation is a boom for you. Might want to look through eyes other than your own.
For many senior citizens, often some of the most vulnerable of adult Americans that can't change their situation, are crushed by the change in their buying power. This change is not a result of their doing.
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It’s not a boom for me. I get what you’re saying, and I probably should have been more clear...I don’t own a business. I’m not raising prices and profiting from it, and then bragging about it. When I said I’m in the same boat, I meant that I too complain about inflation, and yet I still go out and spend money/save money/live my life. I’m not retired so I’m living/working through this.
So basically, your friend was able to break even in real terms.
Gon,
Would be interested to hear more on this. Are you talking about those solely or mostly relying on SS, or the population as a whole? I often wonder how many plan for retirement without accounting for the fact that over the course of time between hanging up the hat and death (let's call it 20 years for most) expenses are surely to increase with even normal inflationary adjustments. This needs to be considered in the planning process for fixed incomes.
GON
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All is well,.sorry if my post came across as harsh. Inflation is avoidable, and hurts a lot of people.
Say someone retired with a nice fixed pension in 1995 of $1000. Not a bad monthly sum back then. Now 2023 on that and SS, better have a nice amount of savings or living fairly poor
Maybe that's what they were doing most of their life and now they are enjoying the fruit of their labor and investing.
The investment gurus do preach saving a lot of money for retirement. Like 10 times your salary when you retire. Health care eats up a lot of retirement money. More than some planned.
Boomers are retiring and cashing out their IRAs for... cash. I mused, about a decade ago, that this would happen, there'd be plenty of jobs, but they'd be sucky service jobs. And... yeah.
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