Are you better off than you were a year ago?

m.knox

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Aug 20, 2003
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You are certainly not better off if you need to buy a car or a house......

https://issuesinsights.com/2022/02/15/are-you-better-off-than-you-were-a-year-ago/

Let’s go through some of the specifics of how we’re worse off than a year ago.

Inflation is up. The year-over-year inflation rate in January was 7.5%. A year ago it was 1.4%. For the second half of 2021, prices jumped 6%, a rate higher than any year since Jimmy Carter’s stagflation gripped the nation.

This is definitely making people worse off than last year. An analysis by Moody’s Analytics – the same outfit that praised Biden’s rescue plan a year ago – finds that inflation is costing households an average of $250 a month.

“A lot of people are hurting because of high inflation,” Moody senior economist Ryan Sweet told the Wall Street Journal. “$250 a month – that’s a big burden. It really hammers home the point of ‘what is the cost of inflation?’”

Wages and disposable income are down. Biden keeps claiming that wages are climbing. And they are. But inflation is climbing faster. As a result, after adjusting for the rapid rise in prices, average weekly wages are down 3% from a year ago.

So is disposable income. Data from the Bureau of Economic Analysis show that real household disposable income was lower in December 2021 than it was at the start of the year, and back down to where it was in November 2020.

The Misery Index is up. When Biden took office, the Misery Index – which simply adds the unemployment and inflation rates together – stood at 7.7 and it was falling fast. It peaked at 15.03 in April 2020 after the COVID lockdowns threw millions out of work. But instead of continuing to head back down to the 5.8 level it was before COVID, the Misery Index has steadily climbed under Biden. It is now at 10.94, with increases in inflation swamping the decline in unemployment.

Consumer confidence is down. The University of Michigan’s Index of Consumer Sentiment has been nosediving since last spring and this month hit a low not seen since 2011 – when Biden was vice president.

As the UofM put it, “sentiment continued its downward descent, reaching its worst level in a decade, falling a stunning 8.2% from last month and 19.7% from last February.”

The IBD/TIPP Poll’s Economic Optimism Index dropped to 44 in February (anything under 50 signals a pessimistic outlook). It was 51.9 a year ago. The poll also found that personal financial stress is higher now than when Biden took office.

Dissatisfaction is up. An ongoing Gallup survey finds that nearly two-thirds of the public are dissatisfied with the state of the nation, up from 55% in January 2021. The year before that, only 29% said they were dissatisfied.

This is a fairly remarkable list of failures in just one year. And unless Biden dramatically changes course, we don’t expect this picture will brighten over the next 36 months.

When Ronald Reagan was running against Carter in 1980, he asked Americans “Are you better off than you were four years ago.” The answer was a resounding no. It’s unfortunate that the public will have to suffer three more years of Biden’s ineptitude before it can deliver its answer to that question.

There is, however, one way we are all better off than we were a year ago. We have one less year of Joe Biden in office.
 
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PSUEngineer89

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Based on the polls, just about everyone is worse off. Though a good many suffer mostly from buyer's remorse from the last election

Lots of sheeple eager to vote for the bureaucrats.

We will see if the majority still want to live as free people.
 

franklinman

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Based on the polls, just about everyone is worse off. Though a good many suffer mostly from buyer's remorse from the last election
That just can't be. Jan retail sales were up 10% higher than previous years and people are now scheduling for summer vacations, look at the sections up now in the markets up the last 2-3 weeks.
 
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m.knox

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That just can't be. Jan retail sales were up 10% higher than previous years and people are now scheduling for summer vacations, look at the sections up now in the markets up the last 2-3 weeks.

Wait until they have to work for it...... LOL....
 
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Hotshoe

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Hell yes, i'm doing better, we sold the business. I don't let politics control my life.
Politics is not the economy. Based on inflation regarding durable and non durable goods, no one is better off.
 
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psuted

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You are certainly not better off if you need to buy a car or a house......

https://issuesinsights.com/2022/02/15/are-you-better-off-than-you-were-a-year-ago/

Let’s go through some of the specifics of how we’re worse off than a year ago.

Inflation is up. The year-over-year inflation rate in January was 7.5%. A year ago it was 1.4%. For the second half of 2021, prices jumped 6%, a rate higher than any year since Jimmy Carter’s stagflation gripped the nation.

This is definitely making people worse off than last year. An analysis by Moody’s Analytics – the same outfit that praised Biden’s rescue plan a year ago – finds that inflation is costing households an average of $250 a month.

“A lot of people are hurting because of high inflation,” Moody senior economist Ryan Sweet told the Wall Street Journal. “$250 a month – that’s a big burden. It really hammers home the point of ‘what is the cost of inflation?’”

Wages and disposable income are down. Biden keeps claiming that wages are climbing. And they are. But inflation is climbing faster. As a result, after adjusting for the rapid rise in prices, average weekly wages are down 3% from a year ago.

So is disposable income. Data from the Bureau of Economic Analysis show that real household disposable income was lower in December 2021 than it was at the start of the year, and back down to where it was in November 2020.

The Misery Index is up. When Biden took office, the Misery Index – which simply adds the unemployment and inflation rates together – stood at 7.7 and it was falling fast. It peaked at 15.03 in April 2020 after the COVID lockdowns threw millions out of work. But instead of continuing to head back down to the 5.8 level it was before COVID, the Misery Index has steadily climbed under Biden. It is now at 10.94, with increases in inflation swamping the decline in unemployment.

Consumer confidence is down. The University of Michigan’s Index of Consumer Sentiment has been nosediving since last spring and this month hit a low not seen since 2011 – when Biden was vice president.

As the UofM put it, “sentiment continued its downward descent, reaching its worst level in a decade, falling a stunning 8.2% from last month and 19.7% from last February.”

The IBD/TIPP Poll’s Economic Optimism Index dropped to 44 in February (anything under 50 signals a pessimistic outlook). It was 51.9 a year ago. The poll also found that personal financial stress is higher now than when Biden took office.

Dissatisfaction is up. An ongoing Gallup survey finds that nearly two-thirds of the public are dissatisfied with the state of the nation, up from 55% in January 2021. The year before that, only 29% said they were dissatisfied.

This is a fairly remarkable list of failures in just one year. And unless Biden dramatically changes course, we don’t expect this picture will brighten over the next 36 months.

When Ronald Reagan was running against Carter in 1980, he asked Americans “Are you better off than you were four years ago.” The answer was a resounding no. It’s unfortunate that the public will have to suffer three more years of Biden’s ineptitude before it can deliver its answer to that question.


There is, however, one way we are all better off than we were a year ago. We have one less year of Joe Biden in office.

Actually, I’m doing great watching the Democrats in an epic self destruct mode.

Otherwise, the standard of living and radical leftist totalitarian policies have created an unprecedented economic malaise in the country, a high degree of lawlessness, and a foreign policy embarrassment far worse than people have or ever will see in their lifetime.
 

bdgan

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May 29, 2008
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37,425
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You are certainly not better off if you need to buy a car or a house......

https://issuesinsights.com/2022/02/15/are-you-better-off-than-you-were-a-year-ago/

Let’s go through some of the specifics of how we’re worse off than a year ago.

Inflation is up. The year-over-year inflation rate in January was 7.5%. A year ago it was 1.4%. For the second half of 2021, prices jumped 6%, a rate higher than any year since Jimmy Carter’s stagflation gripped the nation.

This is definitely making people worse off than last year. An analysis by Moody’s Analytics – the same outfit that praised Biden’s rescue plan a year ago – finds that inflation is costing households an average of $250 a month.

“A lot of people are hurting because of high inflation,” Moody senior economist Ryan Sweet told the Wall Street Journal. “$250 a month – that’s a big burden. It really hammers home the point of ‘what is the cost of inflation?’”

Wages and disposable income are down. Biden keeps claiming that wages are climbing. And they are. But inflation is climbing faster. As a result, after adjusting for the rapid rise in prices, average weekly wages are down 3% from a year ago.

So is disposable income. Data from the Bureau of Economic Analysis show that real household disposable income was lower in December 2021 than it was at the start of the year, and back down to where it was in November 2020.

The Misery Index is up. When Biden took office, the Misery Index – which simply adds the unemployment and inflation rates together – stood at 7.7 and it was falling fast. It peaked at 15.03 in April 2020 after the COVID lockdowns threw millions out of work. But instead of continuing to head back down to the 5.8 level it was before COVID, the Misery Index has steadily climbed under Biden. It is now at 10.94, with increases in inflation swamping the decline in unemployment.

Consumer confidence is down. The University of Michigan’s Index of Consumer Sentiment has been nosediving since last spring and this month hit a low not seen since 2011 – when Biden was vice president.

As the UofM put it, “sentiment continued its downward descent, reaching its worst level in a decade, falling a stunning 8.2% from last month and 19.7% from last February.”

The IBD/TIPP Poll’s Economic Optimism Index dropped to 44 in February (anything under 50 signals a pessimistic outlook). It was 51.9 a year ago. The poll also found that personal financial stress is higher now than when Biden took office.

Dissatisfaction is up. An ongoing Gallup survey finds that nearly two-thirds of the public are dissatisfied with the state of the nation, up from 55% in January 2021. The year before that, only 29% said they were dissatisfied.

This is a fairly remarkable list of failures in just one year. And unless Biden dramatically changes course, we don’t expect this picture will brighten over the next 36 months.

When Ronald Reagan was running against Carter in 1980, he asked Americans “Are you better off than you were four years ago.” The answer was a resounding no. It’s unfortunate that the public will have to suffer three more years of Biden’s ineptitude before it can deliver its answer to that question.


There is, however, one way we are all better off than we were a year ago. We have one less year of Joe Biden in office.
People are worse off which means they need more free stuff. Why is that so difficult for you to understand?
 
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m.knox

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Aug 20, 2003
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Actually, I’m doing great watching the Democrats in an epic self destruct mode.

Otherwise, the standard of living and radical leftist totalitarian policies have created an unprecedented economic malaise in the country, a high degree of lawlessness, and a foreign policy embarrassment far worse than people have or ever will see in their lifetime.

Can't argue one bit of it.
 
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horace19040

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Aug 12, 2021
509
476
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You are certainly not better off if you need to buy a car or a house......

https://issuesinsights.com/2022/02/15/are-you-better-off-than-you-were-a-year-ago/

Let’s go through some of the specifics of how we’re worse off than a year ago.

Inflation is up. The year-over-year inflation rate in January was 7.5%. A year ago it was 1.4%. For the second half of 2021, prices jumped 6%, a rate higher than any year since Jimmy Carter’s stagflation gripped the nation.

This is definitely making people worse off than last year. An analysis by Moody’s Analytics – the same outfit that praised Biden’s rescue plan a year ago – finds that inflation is costing households an average of $250 a month.

“A lot of people are hurting because of high inflation,” Moody senior economist Ryan Sweet told the Wall Street Journal. “$250 a month – that’s a big burden. It really hammers home the point of ‘what is the cost of inflation?’”

Wages and disposable income are down. Biden keeps claiming that wages are climbing. And they are. But inflation is climbing faster. As a result, after adjusting for the rapid rise in prices, average weekly wages are down 3% from a year ago.

So is disposable income. Data from the Bureau of Economic Analysis show that real household disposable income was lower in December 2021 than it was at the start of the year, and back down to where it was in November 2020.

The Misery Index is up. When Biden took office, the Misery Index – which simply adds the unemployment and inflation rates together – stood at 7.7 and it was falling fast. It peaked at 15.03 in April 2020 after the COVID lockdowns threw millions out of work. But instead of continuing to head back down to the 5.8 level it was before COVID, the Misery Index has steadily climbed under Biden. It is now at 10.94, with increases in inflation swamping the decline in unemployment.

Consumer confidence is down. The University of Michigan’s Index of Consumer Sentiment has been nosediving since last spring and this month hit a low not seen since 2011 – when Biden was vice president.

As the UofM put it, “sentiment continued its downward descent, reaching its worst level in a decade, falling a stunning 8.2% from last month and 19.7% from last February.”

The IBD/TIPP Poll’s Economic Optimism Index dropped to 44 in February (anything under 50 signals a pessimistic outlook). It was 51.9 a year ago. The poll also found that personal financial stress is higher now than when Biden took office.

Dissatisfaction is up. An ongoing Gallup survey finds that nearly two-thirds of the public are dissatisfied with the state of the nation, up from 55% in January 2021. The year before that, only 29% said they were dissatisfied.

This is a fairly remarkable list of failures in just one year. And unless Biden dramatically changes course, we don’t expect this picture will brighten over the next 36 months.

When Ronald Reagan was running against Carter in 1980, he asked Americans “Are you better off than you were four years ago.” The answer was a resounding no. It’s unfortunate that the public will have to suffer three more years of Biden’s ineptitude before it can deliver its answer to that question.


There is, however, one way we are all better off than we were a year ago. We have one less year of Joe Biden in office.
The Dems voted for More welfare and higher minimum.
 
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SLUPSU

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Aug 5, 2018
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You are certainly not better off if you need to buy a car or a house......

https://issuesinsights.com/2022/02/15/are-you-better-off-than-you-were-a-year-ago/

Let’s go through some of the specifics of how we’re worse off than a year ago.

Inflation is up. The year-over-year inflation rate in January was 7.5%. A year ago it was 1.4%. For the second half of 2021, prices jumped 6%, a rate higher than any year since Jimmy Carter’s stagflation gripped the nation.

This is definitely making people worse off than last year. An analysis by Moody’s Analytics – the same outfit that praised Biden’s rescue plan a year ago – finds that inflation is costing households an average of $250 a month.

“A lot of people are hurting because of high inflation,” Moody senior economist Ryan Sweet told the Wall Street Journal. “$250 a month – that’s a big burden. It really hammers home the point of ‘what is the cost of inflation?’”

Wages and disposable income are down. Biden keeps claiming that wages are climbing. And they are. But inflation is climbing faster. As a result, after adjusting for the rapid rise in prices, average weekly wages are down 3% from a year ago.

So is disposable income. Data from the Bureau of Economic Analysis show that real household disposable income was lower in December 2021 than it was at the start of the year, and back down to where it was in November 2020.

The Misery Index is up. When Biden took office, the Misery Index – which simply adds the unemployment and inflation rates together – stood at 7.7 and it was falling fast. It peaked at 15.03 in April 2020 after the COVID lockdowns threw millions out of work. But instead of continuing to head back down to the 5.8 level it was before COVID, the Misery Index has steadily climbed under Biden. It is now at 10.94, with increases in inflation swamping the decline in unemployment.

Consumer confidence is down. The University of Michigan’s Index of Consumer Sentiment has been nosediving since last spring and this month hit a low not seen since 2011 – when Biden was vice president.

As the UofM put it, “sentiment continued its downward descent, reaching its worst level in a decade, falling a stunning 8.2% from last month and 19.7% from last February.”

The IBD/TIPP Poll’s Economic Optimism Index dropped to 44 in February (anything under 50 signals a pessimistic outlook). It was 51.9 a year ago. The poll also found that personal financial stress is higher now than when Biden took office.

Dissatisfaction is up. An ongoing Gallup survey finds that nearly two-thirds of the public are dissatisfied with the state of the nation, up from 55% in January 2021. The year before that, only 29% said they were dissatisfied.

This is a fairly remarkable list of failures in just one year. And unless Biden dramatically changes course, we don’t expect this picture will brighten over the next 36 months.

When Ronald Reagan was running against Carter in 1980, he asked Americans “Are you better off than you were four years ago.” The answer was a resounding no. It’s unfortunate that the public will have to suffer three more years of Biden’s ineptitude before it can deliver its answer to that question.


There is, however, one way we are all better off than we were a year ago. We have one less year of Joe Biden in office.

I bought a new vehicle in the last year, the discount on it was the same as it would have been pre-pandemic and got $8k more on my trade than I would have pre-pandemic, my house has appreciated more than the temporary decline in my investments. I'm doing my best to contribute to the economy with $20k in discretionary spending in the last month, so my confidence is high. My personal inflation rate is small, so all in all, so yes I'm better off today.

Spare me the predictable snarky comments about not caring for the other guy, you asked I answered. Are you better off?
 
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PSUEngineer89

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I bought a new vehicle in the last year, the discount on it was the same as it would have been pre-pandemic and got $8k more on my trade than I would have pre-pandemic, my house has appreciated more than the temporary decline in my investments. I'm doing my best to contribute to the economy with $20k in discretionary spending in the last month, so my confidence is high. My personal inflation rate is small, so all in all, so yes I'm better off today.

Spare me the predictable snarky comments about not caring for the other guy, you asked I answered. Are you better off?
I’m not. Very worried that money I worked to save will be inflated away.

I think it is simply not really possible that your inflation rate is really much different.

We see before us the incompetence of democrat deep state garbage.
 

m.knox

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I bought a new vehicle in the last year, the discount on it was the same as it would have been pre-pandemic and got $8k more on my trade than I would have pre-pandemic, my house has appreciated more than the temporary decline in my investments. I'm doing my best to contribute to the economy with $20k in discretionary spending in the last month, so my confidence is high. My personal inflation rate is small, so all in all, so yes I'm better off today.

Spare me the predictable snarky comments about not caring for the other guy, you asked I answered. Are you better off?

Of course I am better off. We are probably in the top 5% after working for ~30 years, paying off a mortgage, savings for college, building wealth............ But as you point out, it isn't all about me.....

Those of us not in the top 5%, those of living paycheck to paycheck, are getting SLAUGHTERED by BIDENflation. Haven't you been paying attention to the MISERY INDEX?

Different situation entirely under Trump.....

https://issuesinsights.com/2020/09/...ss-boom-that-benefited-women-minorities-most/

BTW, the only thing your appreciating house gets you is a larger tax bill. Enjoy.
 
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Hotshoe

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Of course I am better off. We are probably in the top 5% after working for ~30 years, paying off a mortgage, savings for college, building wealth............ But as you point out, it isn't all about me.....

Those of us not in the top 5%, those of living paycheck to paycheck, are getting SLAUGHTERED by BIDENflation. Haven't you been paying attention to the MISERY INDEX?

Different situation entirely under Trump.....

https://issuesinsights.com/2020/09/...ss-boom-that-benefited-women-minorities-most/

BTW, the only thing your appreciating house gets you is a larger tax bill. Enjoy.
Why don't people get this? Unless you're selling your house and upgrading, which has also gone up, or selling and moving to a cheaper housing market, you're not gaining squat. Only house flippers make money. And that's only if they buy cheap and keep renovations in line as far as costs. NJ never got this, either. What you have gained, are higher tax bills for the same damn house you're living in.
 
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Hotshoe

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Nothing like getting higher taxes for a property you own, in which nothing has changed, or you haven't improved! It's amazing people don't get this.
 
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m.knox

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Why don't people get this? Unless you're selling your house and upgrading, which has also gone up, or selling and moving to a cheaper housing market, you're not gaining squat. Only house flippers make money. And that's only if they buy cheap and keep renovations in line as far as costs. NJ never got this, either. What you have gained, are higher tax bills for the same damn house you're living in.

The only real way to win is to down size or move to a lower cost of living area. Back in 2009 / 2010, we were thinking about selling to take advantage of the market because so many were upside down and defaulted. So glad we didn't. The house we were looking at was like 3500 square feet on a Lake. The Lake would have been fun, but good Lord we would have paid through the nose regardless of how good of a deal it was.
 
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Hotshoe

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The only real way to win is to down size or move to a lower cost of living area. Back in 2009 / 2010, we were thinking about selling to take advantage of the market because so many were upside down and defaulted. So glad we didn't. The house we were looking at was like 3500 square feet on a Lake. The Lake would have been fun, but good Lord we would have paid through the nose regardless of how good of a deal it was.
When I lived in Phoenix, my wife and I sold our house during the boom times. Make 35k on the house and moved to rural NC. We bought a horse farm with 30 acres. We upgraded due to land prices, but not the house. Why people don't get that houses are not money makers, is absolutely beyond me. They're only money makers when downgrading, flipping, or moving to a lower cost area. If one's house goes up 10%, so did their communities. This isn't rocket science. This also isn't stocks. You can sell stocks and make money. Why is that? Because you don't need stocks to live in. One needs a dwelling to live. Also, cars do not appreciate for the most part. They're only going up due to parts and availability. That won't last, it never does.
 
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Ten Thousan Marbles

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You are certainly not better off if you need to buy a car or a house......

https://issuesinsights.com/2022/02/15/are-you-better-off-than-you-were-a-year-ago/

Let’s go through some of the specifics of how we’re worse off than a year ago.

Inflation is up. The year-over-year inflation rate in January was 7.5%. A year ago it was 1.4%. For the second half of 2021, prices jumped 6%, a rate higher than any year since Jimmy Carter’s stagflation gripped the nation.

This is definitely making people worse off than last year. An analysis by Moody’s Analytics – the same outfit that praised Biden’s rescue plan a year ago – finds that inflation is costing households an average of $250 a month.

“A lot of people are hurting because of high inflation,” Moody senior economist Ryan Sweet told the Wall Street Journal. “$250 a month – that’s a big burden. It really hammers home the point of ‘what is the cost of inflation?’”

Wages and disposable income are down. Biden keeps claiming that wages are climbing. And they are. But inflation is climbing faster. As a result, after adjusting for the rapid rise in prices, average weekly wages are down 3% from a year ago.

So is disposable income. Data from the Bureau of Economic Analysis show that real household disposable income was lower in December 2021 than it was at the start of the year, and back down to where it was in November 2020.

The Misery Index is up. When Biden took office, the Misery Index – which simply adds the unemployment and inflation rates together – stood at 7.7 and it was falling fast. It peaked at 15.03 in April 2020 after the COVID lockdowns threw millions out of work. But instead of continuing to head back down to the 5.8 level it was before COVID, the Misery Index has steadily climbed under Biden. It is now at 10.94, with increases in inflation swamping the decline in unemployment.

Consumer confidence is down. The University of Michigan’s Index of Consumer Sentiment has been nosediving since last spring and this month hit a low not seen since 2011 – when Biden was vice president.

As the UofM put it, “sentiment continued its downward descent, reaching its worst level in a decade, falling a stunning 8.2% from last month and 19.7% from last February.”

The IBD/TIPP Poll’s Economic Optimism Index dropped to 44 in February (anything under 50 signals a pessimistic outlook). It was 51.9 a year ago. The poll also found that personal financial stress is higher now than when Biden took office.

Dissatisfaction is up. An ongoing Gallup survey finds that nearly two-thirds of the public are dissatisfied with the state of the nation, up from 55% in January 2021. The year before that, only 29% said they were dissatisfied.

This is a fairly remarkable list of failures in just one year. And unless Biden dramatically changes course, we don’t expect this picture will brighten over the next 36 months.

When Ronald Reagan was running against Carter in 1980, he asked Americans “Are you better off than you were four years ago.” The answer was a resounding no. It’s unfortunate that the public will have to suffer three more years of Biden’s ineptitude before it can deliver its answer to that question.


There is, however, one way we are all better off than we were a year ago. We have one less year of Joe Biden in office.
Oh my gosh !!!!

Yes !!!!

Yes !!!!!

10,000 times Yes !!!!!!

I have more money than ever. More money every day, regardless of whether the market is up or down.

More food available withing walking or short driving distance than ever in my life.

My only concern is maintaining my health as the ravages of age begin to catch up with me. That is on me, and I have been proving myself up to the task....as much as any human can be. My GP tell me that I seem the most motivated that he has ever seen me, and I feel great. (Look great, too from what I have been told......Losing 50 lbs since my retirement 5 years ago.)

Cannot wait to get back out on the trails.

Soon !!!!
 

Hotshoe

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Feb 15, 2012
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Oh my gosh !!!!

Yes !!!!

Yes !!!!!

10,000 times Yes !!!!!!

I have more money than ever. More money every day, regardless of whether the market is up or down.

More food available withing walking or short driving distance than ever in my life.

My only concern is maintaining my heath as the ravages of age begin to catch up with me. That is on me, and I have been proving myself up to the task....as much as any human can be. My GP tell me that I seem the most motivated that he has ever seen me, and I feel great. (Look great, too from what I have been told......Losing 50 lbs since my retirement 5 years ago.)

Cannot wait to get back out on the trails.

Soon !!!!
Glad to hear you're doing well, especially as a hiker.
 
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junior1

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May 29, 2001
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Of course I am better off. We are probably in the top 5% after working for ~30 years, paying off a mortgage, savings for college, building wealth............ But as you point out, it isn't all about me.....

Those of us not in the top 5%, those of living paycheck to paycheck, are getting SLAUGHTERED by BIDENflation. Haven't you been paying attention to the MISERY INDEX?

Different situation entirely under Trump.....

https://issuesinsights.com/2020/09/...ss-boom-that-benefited-women-minorities-most/

BTW, the only thing your appreciating house gets you is a larger tax bill. Enjoy.
yea, but on the positive side, we can count on the government spending that extra money in a positive, controlled manner that will benefit all of the people!
 
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Hotshoe

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Feb 15, 2012
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Oh my gosh !!!!

Yes !!!!

Yes !!!!!

10,000 times Yes !!!!!!

I have more money than ever. More money every day, regardless of whether the market is up or down.

More food available withing walking or short driving distance than ever in my life.

My only concern is maintaining my health as the ravages of age begin to catch up with me. That is on me, and I have been proving myself up to the task....as much as any human can be. My GP tell me that I seem the most motivated that he has ever seen me, and I feel great. (Look great, too from what I have been told......Losing 50 lbs since my retirement 5 years ago.)

Cannot wait to get back out on the trails.

Soon !!!!
Also why I miss the Rockies!
 
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Ten Thousan Marbles

Well-Known Member
Feb 6, 2014
105,875
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Glad to hear you're doing well, especially as a hiker.
Thanks.

Like I said, I feel great and, despite my age I should be able to work up to full trail-walking status very quickly as the weather breaks.

The first part of this year has been a little tough health-wise. Not as a result of anything I felt, rather what was found in routine lab work I had done. Diabetes got out of control, had to start on low-dose insulin for the first time during the first week of January, and it was determined that I had lost some kidney function. But, the good news is that I was able to cut my low dose of insulin in half in the very first month of the treatment, and there was resultant improved numbers in kidney function. Never get back what was lost, but it looks not as bad as initially feared.

I see my GP again tomorrow. It is possible that he will talk about ending the insulin and going back to pills now or very soon, which he stated as the goal for me when this took the bad turn. I can walk to his office 2 blocks away if I have nothing else I want to do after the appt.

I think cutting out almost all bread was what saved the day, as well as following the dietician's recommendations. I can see her 8 times a year at no cost at her office in our hospital 12 blocks up the street.

The nephrologist says that I have to limit protein intake to 50-60 grams a day. Turns out to be pretty easy for me because I never ate much meat anyway. Dietician has me honing in on a 60 gram goal, and I keep a journal of what I eat every day.
 

junior1

Well-Known Member
May 29, 2001
6,035
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Of course I am better off. We are probably in the top 5% after working for ~30 years, paying off a mortgage, savings for college, building wealth............ But as you point out, it isn't all about me.....

Those of us not in the top 5%, those of living paycheck to paycheck, are getting SLAUGHTERED by BIDENflation. Haven't you been paying attention to the MISERY INDEX?

Different situation entirely under Trump.....

https://issuesinsights.com/2020/09/...ss-boom-that-benefited-women-minorities-most/

BTW, the only thing your appreciating house gets you is a larger tax bill. Enjoy.
top 5%..the way some folks bloviate on here, I would have thought upper 2-3% at least
 

horace19040

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Aug 12, 2021
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Bidenomics is a failure. MLK did not dream about working at McDonald's for higher minimum and 200k in student loans.
 
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ao5884

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Oct 1, 2019
7,257
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Inflation is taking hold driving up prices on everything. What do u think?
 

gjbankos

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Jan 16, 2006
58,934
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I bought a new vehicle in the last year, the discount on it was the same as it would have been pre-pandemic and got $8k more on my trade than I would have pre-pandemic, my house has appreciated more than the temporary decline in my investments. I'm doing my best to contribute to the economy with $20k in discretionary spending in the last month, so my confidence is high. My personal inflation rate is small, so all in all, so yes I'm better off today.

Spare me the predictable snarky comments about not caring for the other guy, you asked I answered. Are you better off?
Jesus, dude. That house appreciation is funny money unless you are going to move into an RV.

Nobody takes you seriously, SLUG. NOBODY.
 

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
106,243
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Oh my gosh !!!!

Yes !!!!

Yes !!!!!

10,000 times Yes !!!!!!

I have more money than ever. More money every day, regardless of whether the market is up or down.

More food available withing walking or short driving distance than ever in my life.

My only concern is maintaining my health as the ravages of age begin to catch up with me. That is on me, and I have been proving myself up to the task....as much as any human can be. My GP tell me that I seem the most motivated that he has ever seen me, and I feel great. (Look great, too from what I have been told......Losing 50 lbs since my retirement 5 years ago.)

Cannot wait to get back out on the trails.

Soon !!!!

Who let you out of your cage?
 

rumble_lion

Well-Known Member
Aug 7, 2011
22,609
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You are certainly not better off if you need to buy a car or a house......

https://issuesinsights.com/2022/02/15/are-you-better-off-than-you-were-a-year-ago/

Let’s go through some of the specifics of how we’re worse off than a year ago.

Inflation is up. The year-over-year inflation rate in January was 7.5%. A year ago it was 1.4%. For the second half of 2021, prices jumped 6%, a rate higher than any year since Jimmy Carter’s stagflation gripped the nation.

This is definitely making people worse off than last year. An analysis by Moody’s Analytics – the same outfit that praised Biden’s rescue plan a year ago – finds that inflation is costing households an average of $250 a month.

“A lot of people are hurting because of high inflation,” Moody senior economist Ryan Sweet told the Wall Street Journal. “$250 a month – that’s a big burden. It really hammers home the point of ‘what is the cost of inflation?’”

Wages and disposable income are down. Biden keeps claiming that wages are climbing. And they are. But inflation is climbing faster. As a result, after adjusting for the rapid rise in prices, average weekly wages are down 3% from a year ago.

So is disposable income. Data from the Bureau of Economic Analysis show that real household disposable income was lower in December 2021 than it was at the start of the year, and back down to where it was in November 2020.

The Misery Index is up. When Biden took office, the Misery Index – which simply adds the unemployment and inflation rates together – stood at 7.7 and it was falling fast. It peaked at 15.03 in April 2020 after the COVID lockdowns threw millions out of work. But instead of continuing to head back down to the 5.8 level it was before COVID, the Misery Index has steadily climbed under Biden. It is now at 10.94, with increases in inflation swamping the decline in unemployment.

Consumer confidence is down. The University of Michigan’s Index of Consumer Sentiment has been nosediving since last spring and this month hit a low not seen since 2011 – when Biden was vice president.

As the UofM put it, “sentiment continued its downward descent, reaching its worst level in a decade, falling a stunning 8.2% from last month and 19.7% from last February.”

The IBD/TIPP Poll’s Economic Optimism Index dropped to 44 in February (anything under 50 signals a pessimistic outlook). It was 51.9 a year ago. The poll also found that personal financial stress is higher now than when Biden took office.

Dissatisfaction is up. An ongoing Gallup survey finds that nearly two-thirds of the public are dissatisfied with the state of the nation, up from 55% in January 2021. The year before that, only 29% said they were dissatisfied.

This is a fairly remarkable list of failures in just one year. And unless Biden dramatically changes course, we don’t expect this picture will brighten over the next 36 months.

When Ronald Reagan was running against Carter in 1980, he asked Americans “Are you better off than you were four years ago.” The answer was a resounding no. It’s unfortunate that the public will have to suffer three more years of Biden’s ineptitude before it can deliver its answer to that question.


There is, however, one way we are all better off than we were a year ago. We have one less year of Joe Biden in office.

Yes.
 

SLUPSU

Well-Known Member
Aug 5, 2018
4,553
2,623
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Jesus, dude. That house appreciation is funny money unless you are going to move into an RV.

Nobody takes you seriously, SLUG. NOBODY.

Cranky Banky is back with another useless post. Why are you so useless?

What's with the handle changes, are you suffering from an identity crisis?
 

TFBaum

Well-Known Member
Jan 22, 2020
1,837
1,915
1
Yes, Hermy, I am better off now than a year ago. Thank God for California real estate!
Oh great another 2008. There were four states that created the 2008 meltdown CALIFORNIA, ARIZONA, NEVADA, and FLORIDA. Well done.