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Author
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Topic: A sobering thought
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Leonard
HMFIC
Member # 2
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posted June 17, 2026 01:24 PM
Everybody talks about INFLATION, INFLATION, INFLATION!
How much a new pickup truck costs today, The price of beef?
I just read an article, (won’t post it because of ko ko)
anyway, it is a bit shocking what inflation does to savings, or durable goods, or housing costs.
“Inflation at 2 percent means that the dollar loses half its value in 35 years. Inflation at 3 percent slashes that timeframe to 24 years. With inflation at 4 percent, your dollar is halved in 18 years. You get the idea”
You sorta wonder why save anything at all! If you save your butt off to bank $50,000, say for 18 years, your savings is worth $25,000, if I got that right? Imagine 4% inflation? The way things are right now, why save money that will be worth half, eighteen years down the road. Maybe the answer is to invest in Maclarens and Lambos?
I don’t know, just a thought. What about Glocks? Should you stock up on ammo? What does the Peanut Gallery think? Save penny’s! Too expensive to manufacture! US stopped making them. I already have a couple rolls saved.
Funny story: I save change, I sort it and roll it. It builds up. So, last time I took it to Chase, cash it in. I set it all up on the counter, the lady took it and walked to a back room. Came back just a few minutes later and laid two crisp $100 bills on the counter. I waited a bit, for her to give me the odd change, but she didn’t! Completely unplanned, All of those rolls of nickels and dimes and quarters-and pennies came to exactly $200!
Unplanned, an odd development, I thought, and never thought to count it! The lady kind of acted like I knew how much I had, but no.
El Bee 🐝
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EL BEE Knows It All and Done It All.
Don't piss me off!
Posts: 33265 | From: Upland, CA | Registered: Jan 2003
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