Inflation Crisis

[Lisa558]

I don't see fewer obese humans now than during Trump.

Actually, as Biden makes people poorer, you’ll see more obese people. There is a correlation between low-income and obesity.

 

[bigrebnc1775]

Yet, it is not happening.

Ok but what is happening Biden spending billions on illegals

 

[Moonglow]

Actually, as Biden makes people poorer, you’ll see more obese people. There is a correlation between low-income and obesity.

Hardly, it's called not controlling yourself.

 

[Moonglow]

Ok but what is happening Biden spending billions on illegals

They have been doing it for a long time now or have you not noticed?

 

[bigrebnc1775]

They have been doing it for a long time now or have you not noticed?

But they also attempted to stop the flow. Biden isn't doing that.
Biden has even went as far as giving illegals work permits. Something else you approve of

 

[Lisa558]

But they also attempted to stop the flow. Biden isn't doing that.
Biden has even went as far as giving illegals work permits. Something else you approve of

He also stopped the wall, even though the materials were sitting right there, already paid for.

 

[Moonglow]

I have been a single parent twice the last time during a decade of being unable to work due to health problems and managing to live on $900.00 to $1,000 a month(2011-2021)

 

[Moonglow]

But they also attempted to stop the flow. Biden isn't doing that.
Biden has even went as far as giving illegals work permits. Something else you approve of

Attempted yet did not stop the flow. Work yes, that is what humans do so they can exist.

 

[bigrebnc1775]

Attempted yet did not stop the flow. Work yes, that is what humans do so they can exist.

They slow the flow down unlike Biden on turbo and makes new entry points to allow illegals in the country

 

[Ringo]

 

[sealybobo]

NewsMax Tuesday, September 26, 2023
By George Mentz

This week, I took my children to a fast food restaurant and spent $68 dollars without a tip on kids meals and drinks. That is almost a 100% increase in food costs in 3 years.

Below is an updated 2023 list of the primary costs for families. This data is shocking as it continues to show that Federal Reserve rate increases actually create inflation on working folks.

22 Key Inflation Indicators

1. Mortgage or Rent: Monthly payment for housing. The typical U.S. homebuyer's monthly payment is up nearly 62.5% since President Trump retired as “Commander in Chief.” The monthly payment on a $400,000 home was about $1,600 in 2019, and now it is more than $2,600 each month. That is an extra thousand dollars a month in costs.
2. Homeowners/Renters Insurance: This year, Florida homeowners have been hit with a 40% increase by insurance companies. Colorado has now been smacked by double digit increases. In states like Louisiana and Colorado, the cost is more than 3% of family budgets with deductibles typically high at 4%-5%.
3. Energy: Costs for electricity, water, gas, and other essential services: More than 20% increases in the last 24 months. Electricity and piped gas are up 21% and 26%, respectively in 2 years.
4. Property Taxes: A new 60% increase in property tax bills. Colorado homeowners prepare for 30%-60% increase in property tax bills. Homeowners across Colorado are bracing themselves for another hefty increase.
5. Soaring grocery bills. Because of energy costs, supply chain failures, taxes on fuel, and needless involvement in wars, the costs of many grocery items are still up over 30%-50% in the last 2 years. For example, eggs are up over 50%.
6. School Lunch was up 305% last year in 2022. This type of activity is another hidden tax on teachers, union workers and employed families.
7. Medical expenses, insurance premiums, and prescription costs: On top of these costs rising, insurers plan on a 6% increase next year also. Medicare and Medicaid costs are up dramatically in just the last few years. The LA Times recently slammed health care inflation costs in 2023, saying, “Health premiums may be about to soar.”
8. Auto Loans: Monthly payments for financed vehicles. The Washington Post blasted the economy and inflation saying, “Car payments are $1,000 for a lot of consumers.” … Each month.
9. Auto Insurance: Coverage for vehicles and drivers. CNBC says rates are going up a whopping 8% this year. CNBC said, “The total average premium for full coverage .. $1,780 per year.”
10. Fuel costs for vehicles: Nerd Wallet says this week that prices are going back up. While the price came down from over 5 dollars to about $3.20 in January, it is now back to about $4.00 dollars per gallon which is a bone crushing price on workers The inner cities such as LA, San Fran, and Washington have gas priced over $5 dollars per gallon again which injures minorities the most.
11. Child Care: Expenses for daycare, babysitting, or after-school care: For example, the annual cost of infant care in California is about $16,945 which is about $1,412 per month. Child care for a 4-year-old would be about $11,475 per year. High schools in New Orleans and New York are typically much more: $27,235 or more for grades 6th through 12th.
12. Homeowners School Taxes: The cost of education is up and homeowners will need to pay the price. Schools pay utilities, insurance, employees, insurance, and more. The burden is passed on to the renters and homeowners.
13. Rent Prices: Rent costs are bashing the middle class and the inflation on insurance coverage, wages, fuel, insurance, health care are all causing taxes to go up. USA today recently said, "Over the past two years, the U.S. median rent rose by 18%."
14. Tuition, school supplies, and fees for education: The private high school average cost is $15,977 per year.
15. Clothing: Expenses for clothing and footwear for family members is more costly due to wage costs, shipping costs, theft and store closures.
16. Entertainment: Costs for leisure activities, outings, and hobbies. Based on data from Morning Consult Economic Intelligence, during the period from February 2022 to February 2023, the category of recreation/entertainment experienced a significant decrease in spending compared to the previous year. This reduction in spending can be attributed to consumers dealing with increased prices for various goods and services, which led them to make choices and trade-offs in their expenditures.
17. Debt Payments: Payments towards credit cards, student loans, or other debts. Many debt payments have doubled in the last year. Rising interest rates have ensnared households in a relentless cycle of debt, potentially extending financial burdens for years to come. The current economic scenario has the potential to leave some households grappling with indebtedness over an extended period.
18. Credit Card Loans: Average interest rates on credit card loans is up almost 50%. Lending Tree shows a chart where rates and loan charges are up over 70% percent in the last 3 years. If the APR was 14% in 2020 and it is now 24%, the change is 71%. People with low credit scores pay more in monthly fees as credit card companies are taking a gamble on high risk borrowers. Some credit cards are charging a monstrous 36% APR which is something you see with hyperinflation nations such as Nigeria.
19. Retirement Savings Hit Hard: Funds set aside for retirement have been crushed. The average retiree lost 23% of their savings last year due to a fledgling stock market and bond losses.
20. Travel: Expenses for family vacations or trips. Since COVID, travel costs are up a whopping 30%. Nerd Wallet shows: Car rental up 37% and food away from home up 24.6 % since COVID.
21. Home Maintenance: Repairs, renovations, and upkeep of the house. The average yearly maintenance cost is about $6,409. This is about a nine percent increase year over year according to a Penn State data.
22. Emergency Fund: A fund reserved for unexpected expenses or emergencies. Half of Americans have no savings or zero funds for an emergency.
    
    The gravity of the situation demands immediate attention from policymakers, economists, and financial institutions alike while the President must sit down with mindful leaders such as Scalise and McCarthy to learn about innovative ideas to help working families. Collaborative efforts are necessary to mitigate the multifaceted impact of high inflation, offering relief to those who are most vulnerable Strategies to manage interest rates, control inflation, and provide targeted financial assistance can collectively work towards restoring stability to the lives of the working class Americans.

https://www.newsmax.com/finance/georgementz/inflation-food-housing/2023/09/26/id/1135866/

Comment:
Grocery prices are outrageous.
Mortgage rates are outrageous.
Gasoline prices are outrageous.
Biden, Pelosi and Schumer caused this Inflation Crisis with their trillion dollar "Inflation Reduction Act"
They LIED.
Their "Inflation Reduction Act" was another greed corrupt Democrat looting spree.
The Democrats don't care.
They treat the Taxpayers like they are their tax slaves who they can load an infinite amount of debt upon.

Trump added $7.8 trillion to the debt that set the stage for the inflation that we have now,” DeSantis said.

That figure appears to come from a report last year from the Manhattan Institute, a conservative think tank, that found that the legislation and executive actions signed by Trump added $7.8 trillion in 10-year budget deficits. Economists say one of the drivers of inflation has been massive stimulus spending by both the Trump and Biden administrations.

One of the drivers. The other driver, they forgot to mention, was when Trump gave EVERYONE tax breaks. Duh.

Republicans, stop telling me I'm stupid when I tell you these things.

 

[Ringo]

More than 80% of all US money created (printed) was issued between 2020 and 2023.

 

[wamose]

Inflation? Biden has this shit under control. He's planning to raise the amount of stuff you can steal legally from 1K to 2K. This will take a lot of pressure off of Democrat slackers and career criminals. Good people still favor MAGA.

 

[Dekster]

Yes, this has been shitty, and it's probably not over. And definitely worse for some than others.

It was inevitable.

It is not going to be "over". People are going to have to adjust to the new normal. Part of it is that several states have raised their minimum wages. It has gone from $7.25 to $12.00 an hour here in Virginia in the last 3 years.

 

[Lisa558]

It is not going to be "over". People are going to have to adjust to the new normal. Part of it is that several states have raised their minimum wages. It has gone from $7.25 to $12.00 an hour here in Virginia in the last 3 years.

Sadly, that’s driving costs up on fixed-income seniors.