- A 3% raise at work is typical--if you're lucky. - 10yT is paying 2.4% - To consistently pull 8% out of the equities market qualifies you as a fund manager Just to tread water, you have to take a lot of risk. 9% just to get ahead by 1%? Maybe junk bonds? Again... the risk. Do drug dealers issue bonds? They flooded the system with USD, and in the process, are making us all poor!
This is Elite Trader where everyone makes >100% returns Cut back in areas where you currently waste money or over consume. We had it very easy for so many years, people got very fat and lazy from over consumption, there are bound be areas where they can make savings.
As a profitable trader, your buying power has been going down for years/decades. The amount of stocks and re-estate and gold you can buy with your trading profits has been falling massively for decades. Of course your existing assets are going up, but if you want to buy more assets it is going to cost you a lot more. It does make me laugh how people have been gaslighted by the Fed, Media & Government economists, that inflation only happens when the price of items in the shops goes up.
Actually it doesn't matter if everyone is hit with the same 8% inflation, it's the uneven compensation adjustments that create havok.
7.9% inflation rate is relatively low. we probably have to ask Turkey how they keep up with rising inflation. despite their extremely high inflation, there is no case of people dying from starvation.