Thats the scary part. The wages are not nearly keeping up with inflation. A trip to the grocery store when i was a kid was 70 /80 bucks a week now for my family its about 200 a week. Thats just groceries.Savings i'm guessing will only get worse for most down the road.

This post was edited on 4/22/19 at 1:38 pm

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Posted by fallguy_1978

Best States #50

Member since Feb 2018

48809 posts

Posted on 4/22/19 at 1:34 pm to FLObserver

quote:
Thats the scary part. The wages are not nearly keeping up with inflation. A trip to the grocery store when i was a kid was 70 /80 bucks a week now for my family its about 200 a week. Thats just groceries. Its going to be scary times in the next 50 years for this country and the U.S. is a world leader compared to most.

That's the thing about retirement. You don't know how much things will cost, you don't know if you will get SS or how much and you don't know how long you are going to live. It's just a guesstimate

This post was edited on 4/22/19 at 1:35 pm

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Posted by slackster

Houston

Member since Mar 2009

85138 posts

Posted on 4/22/19 at 1:48 pm to FLObserver

quote:
Thats the scary part. The wages are not nearly keeping up with inflation.

Real median wages, depending on the time frame, have actually gone up.

Unfortunately, they haven't kept up with median housing prices. Median house price is 5.1x median income today. It was 3.5x median income in 1984.

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Posted by LSUFanHouston

NOLA

Member since Jul 2009

37162 posts

Posted on 4/22/19 at 2:04 pm to FLObserver

quote:
now for my family its about 200 a week. T

How big is your family and what are you buying?

I have a family of four and we spend about $500 a month on groceries. We aren't eating steak every night but we aren't eating ramen, ever.

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