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Several posters have brought up the subject of inflation, not directly.
Just to show how things will go, when I graduated from High School You really didn't need to be college educated to do well. Dayton at that time was FILLED with manufacturing jobs, General Motors being the largest supplier of those jobs. Delco, Frigidaire, Moraine products, National Cash Register. Unfortunately thanks to a clean environmet those jobs are now in India, China and Mehico. Sure makes me feel better. I'm sooo much healthier and the country is richer, well a few are.
The average Person/Family made around 6K a year. Hamburger was 25 cents a pound, Milk 20 cents a quart. bread 18 cents a loaf etc. Ad Nauseam.
Do to a lot of changes, it ain't that way anymore. Now an MBA is required to man the cash register at Macdonalds. 65% of the job market could/was handled by HS graduate in my day. People in those days were not required to recite Shakespeare. We/they went out and built a military complex during WW2 and a force with all the Bombers, Ships needed to win.
So as you plan your retirement think this way. Your money that you save today will be worth a lot less, unless you get a financial advisor to show you how to grow your money. Money saved in my day, if you didn't grow it is worth about 5 times less now versus those days. Don't plan living on a SS check unless you like living in your car and enjoy eating ALPO. Yes I know people like that. Well not personally but through other endeavors. I also am a volunteer. I'm just not from Tennessee. I hate the word Tennessee, I always seem to get too many e's, n's or s's in it.
And for Gods sake don't let your kids even consider a career in the Military unless they are "Ring Knockers". The only ones of those that were worth a crap were the Pilots. They worked for their money and earned every dime.
I hope I don't live another 70 years, I don't think I am going to like what I see in the future.
That reminds me of a story my Grandfather once told me when I was little. In Germany during the depression to go to the grocery he said you needed a wheelbarrow full of money. It kind of reminds me of today. When I was a kid the only place you seen a 100 Dollar bill was in a bank. Now they are like water. Anybody checked lately, whats a dollar really worth. It sure ain't a dollar. I thinks it's more like 23 cents the last time I heard. But don't worry about it's true value, no pun intended, let's print more. Thank God for credit cards huh, otherwise you would be falling off you wallet all the time if you had to carry cash.
Well I gotta git. It's time to go buy some more of that cheap Chinese crap at Walmart.
Bill
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