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Started By
Message
re: After over a year....how is Biden's Inflation Reduction Act helping you?
Posted on 11/1/23 at 10:08 am to Gifman
Posted on 11/1/23 at 10:08 am to Gifman
Rural fiber optic installation well under way.
construction jobs holding steady and sometimes increasing.
Wages increasing.
Consumer still spending.
Jobs available.
My 401K doing very well.
On balance my household is keeping pace if not over taking inflation.
construction jobs holding steady and sometimes increasing.
Wages increasing.
Consumer still spending.
Jobs available.
My 401K doing very well.
On balance my household is keeping pace if not over taking inflation.
12
Posted on 11/1/23 at 10:10 am to TigerTek
Posted on 11/1/23 at 10:13 am to TigerTek
quote:
Rural fiber optic installation well under way.
Well underway before reduction act passed
quote:
On balance my household is keeping pace if not over taking inflation.
Imagine how much more money you would have in the bank if not for inflation
Posted on 11/1/23 at 10:14 am to TigerTek
quote:
Wages increasing.
Real wages are down pretty significantly. No where near the rate of inflation.
quote:
Consumer still spending.
Spending on credit. Over $1 trillion currently in consumer credit. Terrible sign of things to come.
Posted on 11/1/23 at 10:15 am to TigerTek
quote:
My 401K doing very well.
Have you factored in that your dollars are worth about 75% of what they were worth in January 2021? If that.
Posted on 11/1/23 at 10:17 am to TigerTek
quote:
My 401K doing very well.
Define “doing very well”.
Because the way I define it, I’m taking a royal arse-kicking. Same for everyone I know.
Posted on 11/1/23 at 10:20 am to TigerTek
quote:
Wages increasing.
Not even nearly at the same rate of increase of rents and home prices.
Posted on 11/1/23 at 10:22 am to TigerTek
quote:
Rural fiber optic installation well under way.
Wishful thinking ….. not even the 1st or 2nd time it has been tried by Congress …. unsuccessfully.
It costs $50k to $75k per rural linear mile to run fiber cable, depending on whether it is aerial or buried …. and that doesn’t include the optical or network equipment to light it for use. Notwithstanding the massive supply chain shortages of cabling, optics, and related chip limitations .
Moreover, current telco/isp models gravitate toward customer density (profit) rather than service (reaching rural geographies) There simply is no money in it for the operators.
It’s a grift
This post was edited on 11/1/23 at 10:24 am
Posted on 11/1/23 at 10:25 am to TigerTek
quote:
My 401K doing very well.
I'm not buying this one.
Oh and my taxes increased by 36% and I made 5k more in 2022 than I did in 2021. But I paid 36% more in taxes
Posted on 11/1/23 at 10:29 am to TigerTek
quote:
My 401K doing very well.
WTF are you invested in? I'm in a 500 index fund and a target fund and I'm down 15% from the high water mark.
Posted on 11/1/23 at 1:28 pm to TigerTek
quote:
Rural fiber optic installation well under way.
construction jobs holding steady and sometimes increasing.
Wages increasing.
Consumer still spending.
Jobs available.
My 401K doing very well.
On balance my household is keeping pace if not over taking inflation.
Rural internet is small potatoes. It's not even worth mentioning in the grand scheme of our economy
Future construction projects are slowing down due to interest rates, especially new home construction. I work in the commercial credit industry FWIW
Wages are wayyyyyyyy down relative to inflation
Consumers are spending on credit cards. We're at record high balances. This is NOT good.
Jobs are always "available"
How much growth has your 401k experienced this year? And, what are you invested in?
This post was edited on 11/1/23 at 1:32 pm
Posted on 11/1/23 at 4:58 pm to TigerTek
quote:
My 401K doing very well.
What’s it invested in? Presidential bullshite? Because it’s not the market. It has tanked this past couple months.
quote:
Wages increasing.
Awesome. We don’t have to worry about anymore griping about “liveable wage”
quote:
Jobs available.
Ditto about “liveable wage”
quote:
Rural fiber optic installation well under way.
This was being done prior to the “”””””inflation reduction act”””””””
Posted on 11/1/23 at 7:10 pm to TigerTek
quote:
Wages increasing.
Wage growth just hit a 2 year low, you idiot
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