I'm surprised there's not an inflation thread yet
POSTED BY: 6IXSTRINGJACK
UPDATED: Thursday, June 11, 2026 17:04
VIEWED: 37356
PAGE 82 of 84
Americans Are Falling Behind on Their Bills. Wall Street Is Alarmed.
Lenders see a rise in late payments on credit cards and auto loans
https://www.wsj.com/finance/americans-credit-debt-spending-interest-ra
tes-f3836f23?mod=hp_lead_pos4
Quote:
Around 9.1% of credit-card balances turned delinquent over the past year, the highest rate in over a decade, according to an August report from the Federal Reserve Bank of New York.
...
The average interest rate on a 60-month loan for a new car was 8.2% as of May, according to Fed data, up from 5.3% in 2019.
Over the past year, roughly 8% of auto loans turned delinquent, according to the New York Fed, the highest rate in over a decade.
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Trump will be fine.
He will also be your next President.
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What the struggles of dollar stores reveal about low-income America
Discounters often prosper in downturns, but recently they have been hurt by rising costs and their customers’ precarious finances
https://www.ft.com/content/4fd6ae31-520e-4e2b-ae06-4f45218c4fdf?segmen
tId=b385c2ad-87ed-d8ff-aaec-0f8435cd42d9
Quote:
At Dollar General, more customers are “resorting to using credit cards for basic household needs,” Vasos told analysts on a recent earnings call. He added that shopper surveys show about 30 per cent have maxed out at least one card and a quarter expect to miss a bill payment in the next six months.
“When things start to move south in the economy, our core customer feels it first,” Vasos said at the Goldman Sachs Global Retailing Conference last week, held in a Manhattan hotel a 25-minute train ride from Newark.
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Trump will be fine.
He will also be your next President.
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The Number
By John Lanchester | September 24, 2024 at 8:00 a.m. EDT
https://www.washingtonpost.com/opinions/interactive/2024/john-lanchest
er-consumer-price-index-who-is-government/?itid=hp_opinions_p001_f015
In all the torrent of data and statistics and numbers produced by the government, I would argue that two in particular stand out. Both are numbers that are made, not found; both involve an extraordinary amount of work, and both are, and always have been, highly controversial. The first is that very same census specified in the enumeration clause of the Constitution. The census is vitally important because any government needs to know how many citizens it has and where they live and who, broadly speaking, they are; in the case of the United States, the census also directly leads to the allocation of power in the House of Representatives. Throughout American history, there has never been a time where the census wasn’t the subject of controversy.
The other number, equally important, is the main official measure of inflation, the consumer price index. At its simplest, the CPI is a vital number because it is used in multiple economic aspects of government: It is used to set levels of Social Security payments, access to payments in the Supplemental Nutrition Assistance Program (formerly food stamps), pensions and tax thresholds. It features in business contracts, in court orders and in divorce settlements. Many millions of workers have salary agreements that alter in direct relationship to the CPI. As the Bureau of Labor Statistics says, “Of all the economic statistics produced by the U.S. federal government, none has a direct impact on the lives of everyday Americans quite like the Consumer Price Index.”
https://jabberwocking.com/raw-data-inflation-in-america/
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Glad to know that the Government is working overtime to figure out a way to screw seniors and not give them the money they should be getting after inflation.
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Trump will be fine.
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Quote:Go fuck yourself, 6ix. Seniors get the same inflation adjustment as everybody else equal to the Consumer Price Index, not a larger one especially for the elderly based upon being senile old fools cheated by richer Trumptards who gouge the elderly extra hard compared to younger people.
Originally posted by 6ixStringJack:
Glad to know that the Government is working overtime to figure out a way to screw seniors and not give them the money they should be getting after inflation.
--------------------------------------------------
Trump will be fine.
He will also be your next President.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Quote:
Originally posted by second:Quote:Go fuck yourself, 6ix. Seniors get the same inflation adjustment as everybody else equal to the Consumer Price Index, not a larger one especially for the elderly based upon being senile old fools cheated by richer Trumptards who gouge the elderly extra hard compared to younger people.
Originally posted by 6ixStringJack:
Glad to know that the Government is working overtime to figure out a way to screw seniors and not give them the money they should be getting after inflation.
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Trump will be fine.
He will also be your next President.
I know exactly how Social Security increases are derived, scrub.
It's just unfortunate that our corrupt government is doing everything in their power to get people to vote for Harris that they're going to fuck over everybody getting Social Security when it comes to their yearly increases in order to tell this lie to everyone.
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Trump will be fine.
He will also be your next President.
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Quote:6ix, you are so full of shit. What you want is a special CPI, twice or three times higher than the real CPI, exclusively for unemployed Trumptards. Sorry, not gonna happen despite the retards in your state needing a boost of 2 or 3 or maybe 4 so that the retards can keep up with ordinary people who are not Nazis convinced they deserve better in life, such as yourself.
Originally posted by 6ixStringJack:
I know exactly how Social Security increases are derived, scrub.
It's just unfortunate that our corrupt government is doing everything in their power to get people to vote for Harris that they're going to fuck over everybody getting Social Security when it comes to their yearly increases in order to tell this lie to everyone.
--------------------------------------------------
Trump will be fine.
He will also be your next President.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Quote:
Originally posted by second:Quote:6ix, you are so full of shit. What you want is a special CPI, twice or three times higher than the real CPI, exclusively for unemployed Trumptards. Sorry, not gonna happen despite the retards in your state needing a boost of 2 or 3 or maybe 4 so that the retards can keep up with ordinary people who are not Nazis convinced they deserve better in life, such as yourself.
Originally posted by 6ixStringJack:
I know exactly how Social Security increases are derived, scrub.
It's just unfortunate that our corrupt government is doing everything in their power to get people to vote for Harris that they're going to fuck over everybody getting Social Security when it comes to their yearly increases in order to tell this lie to everyone.
--------------------------------------------------
Trump will be fine.
He will also be your next President.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
When do you ever hear me complaining about my life?
You're the miserable little prick going around being a douche bag to everybody who attempts to interact with you everyday here.
BTW... If you need to throw out the word Nazi to try and win an argument in 2024 you've already lost.
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Trump will be fine.
He will also be your next President.
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Oh good. We just gave BILLIONS more to Ukraine for nothing.
We even had Josh Shapiro there, arm-in-arm with the NeoCons signing missiles with sharpies before sticking them up each other's asses and blowing each other.
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Trump will be fine.
He will also be your next President.
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What happened to productivity after the Great Recession (Dec 2007 to June 2009)?
By Kevin Drum | September 26, 2024 – 10:31 pm
The Great Recession produced a sudden and permanent reduction in the growth rate of labor productivity:
Productivity today is 20% lower than it would have been if it had kept growing at its rate of the previous few decades.
But what was the cause of the slowdown? The recession itself? Our tepid response to it? Or was the old growth rate a bubble that we were simply never going to be able to keep up forever?
Whatever the answer, it left a vast amount of wealth on the table. If the old growth rate had continued, median household income would probably be cracking six figures this year instead of just the $80,000 we actually ended up with.
https://jabberwocking.com/what-happened-to-productivity-after-the-grea
t-recession/
Real Median Household Income in the United States (Adjusted for Inflation)
2023: 80,610
2022: 77,540
2021: 79,260
2020: 79,560
2019: 81,210
https://fred.stlouisfed.org/graph/?g=1ur1K
For comparing inflation-adjusted income to current income:
https://fred.stlouisfed.org/graph/?g=1ur49
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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