El Arte de la RelajaZIHón

by midalake @, Wednesday, August 28, 2024, 19:59 (801 days ago) @ Ixtapachris

In Canada, the US and Mexico, wages have not kept up with inflation over the last several years, so it is not surprising that tourists have less purchasing power. Yes, my 401k and IRA accounts have gone up, but a lot of that is due to the depreciating dollar. When I take money out, I get to pay capital gains tax without any adjustment for inflation. Unless I beat the rate of inflation plus the capital gains tax, my purchasing power goes down, which it has.

My wages, plus investments have clearly outpaced inflation.
If one does not have investments, then your most likely down on inflation.
There is glimmer of HOPE for many this week>>>$2.99 gas today, 79 cents a pound chicken, $8.99lb T-bones, 1.30/gallon Propane, I could go on, My favorite wine $6.99/bottle not seen since 2018.
All in all you have to give some credit to the current administration. Other countries have suffered inflation much worse.
After the route COVID was I am 100% thankful.B-)


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