An all-time record number of Americans are saying they will NEVER be able to retire since Biden and the Democrats took over. Are you one of them?

[RingOfFire]

[FunkyMonkee]

I just went to the store today. A gallon of milk is nearly $5.00!! A month ago, it was just over 3.5!! Tell me again how that's Trump's fault and how Joe's bringing prices DOWN!! 3 years ago, I could get a gallon of milk for just over $1.50!! My grocery bill today was WAY over $100 and what I bought fit easily into 2 very small cardboard boxes about the size of a tub in a kitchen sink!!
3 months ago, my gas bills went from about $60 a month to nearly $200 a month!! At the rate I'm going, I'll be flat broke inside of a year!!

[sage2021]

@FunkyMonkee
In two months they're going raise my rent $140 more a month. That would be ok if Patrick was still alive and living with me, but I don't know how I will manage 🤕

[FunkyMonkee]

@sage2021 Because of all the legal hassles with this house, thanks to my aunt and my cousins. I've had to pay for storage for the past 4.5 years. As of about 4 months ago, I figured out that was roughly $22,000 that I've given them to hang onto my stuff until I can finally start moving it up here!! I get just under $500 a month in SS checks and my storage bills are always just shy of what I get per month! I'm lucky if I get to keep $8.00 a month! Every Dec., they give me a raise on my checks and every Jan. my rates go up just as much at the storage unit!

[Julie_TS]

Three years ago a gallon of milk for 'just over $1.50'?
The U. S. Bureau of Labor Statistics (BLS) shows the average price of a gallon of whole milk was about $3.66 in Oct. 2021, an increase of 28 cents — or about 8% — from Oct. 2020, when it was $3.38. The cheapest an average gallon of milk has been in the past 10 years when its average cost nationwide was $2.84.
So, maybe 30 years ago a gallon of milk was just over $1.50.

[RingOfFire]

@Julie_TS

No, it WAS about $1.50 here three years ago too. I just bought a gallon at the same place and it was $2.36 today. Over a 57% increase in the last 3 years.

[SolitarySolace]

My rent just went up from $760 to $810 for a 1 bedroom apartment…

[FunkyMonkee]

@Julie_TS SHIT! Where were YOU buying milk?
$2.84's a LOT better than $5.00!!

[FunkyMonkee]

@SolitarySolace That's insane!! That's more of rent to own deal!

[RingOfFire]

https://www.youtube.com/watch?v=OUx_32ABtw4

[patois]

I’m too young for retirement, but I am aware of the economic climate. I expect the world reserve currency to crash. I expect the Federal Reserve to try to implement their CBDC as part of their Great Reset in a desperate attempt to maintain power. I also expect most Americans to diverge from the Federal Reserve in a parallel economy shifting to Catalyst treasury notes backed by gold and silver. As a result markets will crash harder than they ever have before and anyone in the system will lose their shirt. I’m sitting on the sidelines the best I know how to ready to weather the storm on my farm and then come out the other side ready to roll with whatever time I have left.

[RingOfFire]

" I expect the Federal Reserve to try to implement their CBDC as part of their Great Reset in a desperate attempt to maintain power."

More like CBD and LSD.

[RingOfFire]

https://youtu.be/eUMuYCpXJ0A

[patois]

It's hilarious how you always try to play controlled opposition and run inference for the communist when anyone can look up what I said...

CBDC
www.federalreserve.gov/...ank-digital-currency.htm

U. S. Treasury Catalyst $10,
www.federalreserve.gov/.../..._currency_orders.htm

It's not a secret what is occurring.

[RingOfFire]

What in the hell are you talking about? A. You have no sense of humor and B. I DESPISE communism.

[patois]

[patois]

I referenced what I'm talking about... All you did is talk about smoking hookas and doing LSD in response to what I said as if I'm high for pointing out facts.

[patois]

Times are changing...

[RingOfFire]

MAN you really ARE paranoid. Some people are accused of it but aren't. You really are.

It was a joked about CBD based on the abbreviation you used. CBD is in marijuana. Didn't have a thing to do with you. As a matter of fact I regularly blog on topics such as how certain elements of government want to see a digital currency so they can monitor and control everything the citizens to.

You need to lighten up before your blood pressure gets the better of you.

[RingOfFire]

I get it.

[patois]

I've had normal blood healthy pressure my entire life. Nice projection though. You can't attack the facts so you attack the person.

[DrPepper12]

You do know the CBDC is for interbank transactions right? It's not even being contemplated as a retail currency yet. If the Fed does go digital 88% of interbank transactions are dollar denominated which will help us continue to be the world reserve currency for quite some time. Also, NO ONE Will ever use gold and silver as a currency ever again with my caveat being if we are hit with an EMP then all bets are off. I think you should try decaf tbh...

[patois]

@DrPepper12 Get over it fool, the Fed is done. Your CBDC dreams are over. No more inflation tax for America via privately controlled fiat currencies by central bankers. America is returning to our Constitutional roots and will issue commodity backed currency through the United States Department of the Treasury via catalyst treasury certificates that are redeemable on demand. The United States Mint has been stockpiling bullion and has been minting coins for years now in preparation and the Catalyst bills begin printing next year for distribution in 2026. Gold and Silver will return to America. There will be digital exchange between banks, but it will be fractional gold. You should prepare for mulch of the wealth of America to be removed from the system as it inevitably collapses on itself. Texas already has their state bullion depository and other states like Florida and Oklahoma are in the process of doing the same. State charter banks and credit unions will remain, most commercial banks and investment banks will be taken to the cleaners. All you commie shit stains that back The Vanguard are royally screwed.

[patois]

@DrPepper12 There is current legislation in a number of states representing at least 47% of the American population that speaks to Asset Backed Digital Currencies, state bullion depositories, treating gold and silver as legal tender, etc.. Multiple states have also either already passed or are working on legislation that bans CBDC. Like I stated previously parallel economies are emerging regardless of if you like it or not. There is nothing you can do to stop it. The states with the vast majority of important resources are shifting to asset backed currencies, so either you get on board with it or you can enjoy trading your neopets coins for virtual food until your power plants shut down and tankers stop showing up in your cities. Life isn't a game, you actually have to produce something of value.

[Dinklex3]

Nah.
I’m thinking about working for the VA depending on how things look in a couple of years so I’ll have federal retirement. That’s the only kind of retirement I’m familiar with.

We’ll see, but I’m not really concerned about it.

[abc3643]

Do you know why people are saying that?

Because, beginning with the Reagan Administration, the income inequity started to expand greatly and conservative policies escalated that. So much so that it was apparent to me by the middle 1980s that the shit was going to hit the fan.

So, I chose to have no kids because, 40 years ago, I knew that my kids and grandkids were going to get fucked over. The only way I could protect them was to not have them.

And what happened? Most people are now getting fucked over while those who are wealthy are riding high on the hog with multiple homes and unbelievable breaks on taxes.

You reap what you sow.

[RingOfFire]

Oh man... you sound like one of these Gen Z brainwashed zombies who has things exactly backwards. You should know better by your age.

[abc3643]

I am 61 and watched very closely since 1981. What got me started was that I was puzzled by why Reagan would remove solar panels from the White House.

And then I started noticing that inflation was no longer fast, but my tuition was increasing much faster than inflation.

And then I started to notice that things that were in the best interests of our country and our planet were not being done; for instance, the Energy Crisis never went away... there's only a finite amount of oil and eventually it will be gone. So, why would we STOP funding alternative energy research? After all, it's a national security issue and the GOP is all about defense and national security, right? We shouldn't be beholden to the pissy Arabs like we were during the Arab Oil Embargo of 1973 that began the Energy Crisis (which is STILL with us).

Then I grew-up. I began to understand that "United We Stand" and patriotism and "Christians" were all bullshit. It was all "pass the problems to the next generation; I want it for me now."

Bottom line: No liberal taught me what was going on. It was my scientific nature and keen observational sense that the GOP and conservatives taught me through their actions human nature and their real beliefs.

[DrPepper12]

@abc3643 you are 💯🎯
Reaganomics, the GOP war on unions, 2008 financial crisis, undoing Sarbanes-Oxley Act, NAFTA, decimating the progressiveness of our tax system for high earners, Citizens United, failure to build affordable housing, NIMBYism, the farce of a "peace dividend" following end of cold war and dozens of other policies and instruments to destroy middle class wealth.

[WindAtMyBack]

I doubt if this has anything to do with Biden. It's probably more about the modern entitlement mentality. People want more and more, but want to do less and less to get it.

We also still haven't recovered from the COVID over reaction that screwed up the supply lines. That's especially true in the building industry, which is probably contributing to high housing costs. Building supplies went sky high, and are only just now starting to go back down a little - but still far higher than they were before.

I take studies like this with a very big grain of salt though. Studies are a dime a dozen.

[strateguy632]

can you compare your grocery bills? milk prices.
with trump things will improve again.

[WindAtMyBack]

@strateguy632

I know people love to blame the president, or give credit to the president. But the president doesn't have the power or authority to fix or break the economy.

Sure, a president can do things to help or hurt the economy, but those things are trivial when you look at the big picture.

[DrPepper12]

100% correctl!! My only caveat would be with regard to the national defecit -Not the national debt. 172% of the budget is for mandatory spending and only 28% discretionary The only thing that you get to do is tinker not offend.

[exitseven]

I was about to retire in 2020. I lost my job during covid and was just going to collect unemployment for as long as I could and just retire. I saw how fast prices went up as soon as Biden took office. Gas was over 5 bucks an hour. I was offered a good job that paid well so I decided to work a couple of more years to see how things go. I think I will retire if Trump wins in November. Otherwise I guess I will keep working. Things will really get bad this time.

[strateguy632]

gas for a *gallon

[exitseven]

@strateguy632 yes, thanks.

[Astarlessnightsky]

Yeahhh it was shit before, making it even more shitty doesn't really change much.

Also this is just the "percieved" amount of money people think they need saved.

Maybe look at actual data for the amount of money people have to save in order to retire. And if that amount is more than 0$, maybe its the entire system thats shit and need to be changed and not just one guys fault.

[Rangers]

Well, I've always known that I'll never retire, because I won't live long enough to do so. And if by some miracle, I do, I'd be a real life darth vader, needing to wear a ventilator 24/7

[RingOfFire]

So sorry to hear that. Don't ever give up hope. A former girlfriend of mine thought it was all over at 41 because of her kidney issues. Then they found a miracle treatment that changed her entire life for the better. We live in an age of exploding medical breakthroughs. Never give up hope.

[Rangers]

If I die long before then, that'll be just fine with me, anyways.

I have to look long and hard to find a reason to go on living. My dogs are about the only thing I can think of

[RingOfFire]

The more people I meet the more I like my dogs!

Best creatures on earth! 👍

[KostasKouvalis]

Oh I'm retiring alright. I have a shit ton of money in my savings account and don't plan on relying solely on my 401K. It's not Biden's fault people aren't smart with their money. Like those French protesting because the government wants to raise the retirement age. There's no law that says you have to retire at a certain age. You're more than welcome to retire early and live off money you have saved up. The biggest mistake people make are thinking they need to rely soley on their 401K

[strateguy632]

you refute the thing you added.
but inflation is biden fault.

[KostasKouvalis]

@strateguy632 The inflation is, yes

[DrPepper12]

@strateguy632 No it's not!!! Inflation following a pandemic is history & economics 101. Imperial Era Rome, Bubonic Plague 1347, Spanish Flu 1919 and now COVID-19. If you have pent up DEMAND AND less labor to create the SUPPLY what do you think is going to happen to prices? Inflation was inevitable even if Jesus Christ was in the oval office!
Economic terrorism. I would need details but I think Reaganomics, the GOP war on unions, 2008 financial crisis, undoing Sarbanes-Oxley Act, NAFTA, decimating the progressiveness of our tax system for high earners, Citizens United, failure to build affordable housing, NIMBYism, the farce of a "peace dividend" following end of cold warm

[Surely]

Fortunately for me. I am retired and squirreled away some savings over the 41 years of employment. I do feel for the younger generation of “maybe “ retirees!

[strateguy632]

from trump to biden only 10% more but from biden to biden more intense faster rate. due to inflation. as even cnn said biden policy for economy was "wrong".

[JacobJordan]

Thankfully no I already retired but holy shit I feel bad for Americans

[exitseven]

Yes, we are in a tailspin.

[handsomelad70]

The real wages of blue-collar white American men started their decline after the Davos Conference in NINETEEN-SEVENTY-FIVE, before Biden was in the U. S. Senate or were he there, was a very young Senator.

[strateguy632]

nice history, but now is still worse than trump time.

[handsomelad70]

@strateguy632 Trump time? You mean when he puts labour leaders in concentration camps and/or executes them?

[DrPepper12]

@RingOfFire Because of Biden, not because they failed to plan for 40 years? I just can't with some MAGAs.

[RingOfFire]

How can you plan for an impossible to plan for economic catastrophe caused by a president who ignored all the warnings that his policies would cause devastating inflation but engaged in economic terrorism against the American people anyway?

It's like saying that people whose houses were destroyed by an earthquake are responsible for their own loss except in that case the catastrophe is unintentional instead of intentional like in Biden and the Democrat's case.

[DrPepper12]

Ok. Pause. Your saying that Biden is responsible for the previous 37 years of failure to plan by worker X? Illogical.

Now, let's do inflation first. Inflation following a pandemic is history & economics 101. Imperial Era Rome, Bubonic Plague 1347, Spanish Flu 1919 and now COVID-19. If you have pent up DEMAND AND less labor to create the SUPPLY what do you think is going to happen to prices? Inflation was inevitable even if Jesus Christ was in the oval office!
Economic terrorism. I would need details but I think Reaganomics, the GOP war on unions, 2008 financial crisis, undoing Sarbanes-Oxley Act, NAFTA, decimating the progressiveness of our tax system for high earners, Citizens United, failure to build affordable housing, NIMBYism, the farce of a "peace dividend" following end of cold war,

[RingOfFire]

Sorry, you are too ignorant of the topic for me to waste time on. Biden (and the Democrats) caused the 40+ year record inflation by pushing through massive spending bills after the pandemic was over against the repeated warnings from economists and Republicans and by decimating US fossil fuel supply, refining and reserve levels with draconian regulation which caused energy prices (and therefore the price of everything else produced and transported) to skyrocket.

End of topic because there is nothing that can refute this unless you live in lefty La La Land and believe in Tooth Fairys and unicorn poop.

[DrPepper12]

Your math still doesn't math but sorry we couldn't have a dialogue. Have a great evening!!

[Unit1]

Same old financial cuckery. When boomers were young, they could buy a McMenu for like 50 cents and a property for probably like $10K.

I don't believe in retirement. Germany.

[NathanDavis]

I could retire today if I wanted to... but I don't want to

[OtterMan68]

so it started to go up under Trump and kept going up under Biden. I guess we need a third choice in 2024!

[RingOfFire]

VOTE FOR KENNEDY! 👍

[gorydetails]

I'm very worried the current run up on the market will end in a crash. as long as it recovers in a few years, I should be good.

[SolitarySolace]

Watch Trump bring it back down in a second term.

[RingOfFire]

I don't think there is another person on earth who could do it. He is the only one with the drive, ambition, energy and know how to get things done in this country.

[SolitarySolace]

Agreed, 110%. Trump2024