Archive for June, 2006
Monthly Archive
Friday, June 23rd, 2006
Salaries not keeping up with inflation?
According to this article on MSNBC.com, the average salary range increase for this year is 3.5%. This doesn’t exactly keep up with the government’s released figures of 5.2% CPI-U inflation rate. Essentially, the average salary worker is losing $17 per $1000 earned to inflation this year. For someone making $40,000/year that translates to a loss […]
1 Comment » - Posted in The Fed by RichSlick
Sunday, June 18th, 2006
Inflation!
Holy cow! According to the latest inflation report http://www.bls.gov/news.release/cpi.nr0.htm , inflation is growing at 5.2% but what is truly scary is that these are government manipulated numbers that have “substitution”, “exclusions”, and other “anomolies.” As a general rule, always had 20% to government numbers so you really get inflation growing at least 6.25%! What are […]