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re: For folks that are old enough to remember the high inflation of 70s-80s

Posted on 6/20/22 at 6:04 am to
Posted by DTRooster
Belle River, La
Member since Dec 2013
7990 posts
Posted on 6/20/22 at 6:04 am to
quote:

All while now, as the mortgage rates are quickly climbing towards 8%+ and "high yield" savings accounts are like 1.25%
well the geniuses quadrupled US dollars since the ‘08 crash. Banks don’t need your money to lend like they used to
Posted by SippyCup
Gulf Coast
Member since Sep 2008
6164 posts
Posted on 6/20/22 at 6:35 am to
I don’t know what to expect. I make very good money for a non OT baller but the unknown has me nervous. I’m about to cut the wife off and do a thorough review of our monthly expenses to see where we can cut back. I’m on a 20 year plan to retire and put away roughly 60-75k per year. The last thing I want to do is cut into that and have to extend work.
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