“Bidenomics is people having less money to spend.” A devastatingly on-point critique of Harris’ mindset regarding ‘greedflation’, Peter. The foolish woman had her brain poisoned with Marxist economics while she was growing up, and now her understanding of economies is hopelessly wrong. This misunderstanding is the source of my greatest fear regarding her as (shudder) President - her economic decisions would be catastrophic! Venezuelan economy, here we come.
Several conversations last night with people looking for jobs said many companies are telling the applicants that there’s a hiring freeze, some are removing the job posting. I wonder how that’s accounted for? A financial forum I frequent also has had numerous posts in the past month of people getting laid off. Word on the street is the economy is really bad right now…plus food costs are skyrocketing, getting harder to live within our means and that’s with just the basics. With wages rising costs passed on to the consumer, who is under or unemployed it’s a vicious cycle. I hope they teach personal finance in high schools!
Have you anything that could address compensation difficulties for beneficiaries of Social Security Retirement Survivors and Disability Insurance? And other beneficiary programs such as those administered by the Veterans Benefits Administration? The annual cost of living adjustment depends on the Consumer Price Index for Urban Wage Earners and Office Workers (CPI-W) in the month of October in the year preceding the adjustment. There apparently is a CPI for the Elderly which is not the figure utilized for the COLA. In addition, Obama talked about putting the COLA on chained CPI, which was for some reason rejected. Those of us on fixed incomes tend to feel price changes more keenly.
I have not focused specifically on COLA, but the crux of the issue is the propriety of the COLA adjustment factor with respect to prevailing inflation levels.
I'd have to crunch some numbers to say something meaningful on the topic, so give me a few days to talk about that?
“Bidenomics is people having less money to spend.” A devastatingly on-point critique of Harris’ mindset regarding ‘greedflation’, Peter. The foolish woman had her brain poisoned with Marxist economics while she was growing up, and now her understanding of economies is hopelessly wrong. This misunderstanding is the source of my greatest fear regarding her as (shudder) President - her economic decisions would be catastrophic! Venezuelan economy, here we come.
Several conversations last night with people looking for jobs said many companies are telling the applicants that there’s a hiring freeze, some are removing the job posting. I wonder how that’s accounted for? A financial forum I frequent also has had numerous posts in the past month of people getting laid off. Word on the street is the economy is really bad right now…plus food costs are skyrocketing, getting harder to live within our means and that’s with just the basics. With wages rising costs passed on to the consumer, who is under or unemployed it’s a vicious cycle. I hope they teach personal finance in high schools!
Have you anything that could address compensation difficulties for beneficiaries of Social Security Retirement Survivors and Disability Insurance? And other beneficiary programs such as those administered by the Veterans Benefits Administration? The annual cost of living adjustment depends on the Consumer Price Index for Urban Wage Earners and Office Workers (CPI-W) in the month of October in the year preceding the adjustment. There apparently is a CPI for the Elderly which is not the figure utilized for the COLA. In addition, Obama talked about putting the COLA on chained CPI, which was for some reason rejected. Those of us on fixed incomes tend to feel price changes more keenly.
I have not focused specifically on COLA, but the crux of the issue is the propriety of the COLA adjustment factor with respect to prevailing inflation levels.
I'd have to crunch some numbers to say something meaningful on the topic, so give me a few days to talk about that?
Take as much time as you want. I just thought the angle might make an interesting thing to research