DeezerShoove » Yesterday, 11:47 pm » wrote: ↑
Wages increase but that really doesn't change anything for fixed income folks.
Except for allowing prices to rise incrementally yet again.
I've had this discussion more than once with fixed income people.
That $200 set of tires (10 hours of work @ $20/hr) put into the retirement account 20+ years ago.
That set costs $1000 now.
The question is whether real return on the $200 in 20 years was 500%.
If your income rises by half and prices double, that's a 25% pay cut. The income is impressive, but what you can do with it is depressing.
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