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Presenting Inflation...
In the last two years, according to Intuit, Americans are reaching deeper into their pockets to cover family-related expenses. Given the current concerns over dis-inflationary pressures, we thought the following infographic might highlight just where that hidden liquidity-/credit-fueled inflation is leaking out.
Chart: Mint.com / Intuit
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yes good point, he's singlehandedly "fixed" healthcare.
now "Global Warming" is in his sights.. again. Good for us. We are surely on the brink.. particuarly since Summer is just getting started.
Yeah, well I think the mofo "Fixed" everything.
Looks like the best thing to do is get rid of kids.
Politicians use war for that.
I began toiling the fields at age 12. For a stranger. I highly recommend it. Worked out real well in America. Good way for these kids to pay off those student loans. Tobacco crop coming in soon.
Read a businessman's story in the Globe. He started off at 12 years old smuggling New Zealand butter into Northern Ireland. Now he owns a $70 million food business.
Or one hell of a money laundering vehicle for his new smuggling business. :)
i don't know about the rest of the gang here but i was bummed out when "pot mom" of Scarsdale got arrested. i mean that's a taxpayer folks! i hope the authorities think this one through.
Or apply the powertools to your 'tool' and not have the little buggers in the first place.
Think of how much energy we could save by eliminating just one fat bastard in the suburbs!
if I start growing more food in my yard I will have to adopt some foriegn ones and put them to work
Dang sure won't get American kids to work the fields. But like I told my wife about her finicky cat, let him get hungry enough and he will eat collard greens.
The two there that surprise me are groceries and utilities. In the UK both have risen by far higher percentages in two years (water, sewage, electricity, gas charges).
And of course one has to wonder how official CPI is down at 2.5% or whatever, when consumer prices are obviously rising much faster. The actual inflation suffered varies between age groups; with older people getting hit more heavily due to the higher proportion of their income being spent on such things as heating/food etc, whilst the iPod generation gets hit less because they don't pay the bills and spend their dosh on gizmos.
CPI: just another government lie.
My gut reaction when I saw the report was similar- and really, my measured response isn't much different.
Here's what I've observed. Energy is dramatically higher, but food has been stagnant or slowly inflating. But there's more to the story- the prices don't change much, but the portions do. When they count them up to make the report, the 16oz. V 14.5oz can is never mentioned, along with another million examples of stagnant price coupled with decreased volume.
Like Twain said, there are lies, damned lies, and statistics.
this ain't no lie: http://seekingalpha.com/symbol/corn?source=search_general&s=corn perhaps you should read about "what's going on in the world of sugar" too. You're Federal Government has MASSIVELY spent a purchase "a couple million tons" that have sitting around gathering dust all year. trust me...there's only use for all that sure and it ain't for your coffee in the morning. "so yet again we discover another commodity trader who is out 100 billion dollars." at some point we might even ask who the banker is here. (shhhhh. it's a surprise.)
Good point on reduced packet/tin/jar sizes. Well spotted. The "covert price increase".
take a 5 gallon bucket, drill a hole 2" from the bottom and start filling it up with a hose, soon it will overflow. Your wife comes out and yells at you; "WTF are you doing" you throw the hose down and walk away, the water drains down to 2"
This is your economy
you needed to retarget the hose
And on education, why student loan reform won't be coming anytime soon. Can you say Obamacare, the gift that keeps on taking.
http://www.campusreform.org/blog/?ID=4817
The Affordable Care Act is set to cost students enrolled in the government’s loan program $8.7 billion in extra interest over the next decade, according to a report published by the non-partisan Congressional Budget Office (CBO).
If savings were kept inside the loan program, instead of transferred to Obamacare, as some Republican senators are suggesting, they could allow the Department of Education to lower student interest rates to 5.3 percent from 6.3 percent, according to the CBO.
The nearly $9 billion being used to fund Obamacare is derived from $61 billion the government says it will save by administering student loans in-house.
Late last month former secretary of education and ranking member of the Senate Committee on Health, Education, Labor and Pensions Lamar Alexander (R-Tenn.) seized on the diversion of the funds as one solution for lowering student interest rates, which are set to double on Monday.
“The Congressional Budget Office estimates that if we applied that $61 billion savings to student loans, we could have reduced the interest rates to about 5.3 percent and save the average student $2,200 over 10 years,” said Alexander, speaking from the Senate floor.
Under the current plan, which was brokered during last minute negotiations over Obamacare in 2010, $39 billion of those savings will go towards Pell Grants, $10 billion towards deficit reduction and $9 billion towards funding the health care law. The remainder will be used for administrative and other purposes.
Speaking from the floor, Alexander said he believed all of the savings derived from efficient handling of the student loan program ought to be applied towards lowering interest rates for students.
“That $61 billion ought to go to the students who are getting the loans,” he said. “That is my view. That is our view.”
But, in the same exchange, Sen. Tom Harkin (D-Iowa), who is chairman of the Senate Committee on Health, Education, Labor and Pensions, suggested Republicans alternative motive was to defund President Obama’s landmark healthcare legislation.
“I will be honest about this,” he said, speaking to Alexander on May 8. “$9.2 billion went to other health care programs, including requiring dependent coverage in the health care bill.”
“I just have to ask a question,” he said “[A]re we having a health care debate here or an education debate? I thought we were talking about education. We are talking about whether student loan interest rates on subsidized Stafford loans are going to double on July 1. Now it has morphed into some kind of big health care debate.
Harkin also said the diversion of the funds was justified because Obamacare would benefit students.
“How many students now are covered under their parents' policies until they are age 26?” he asked. “[S]ome of this money was used to invest in that or community health care centers.
In a floor speech earlier this month Senate Minority Leader Mitch McConnell (R-Ky.) also pointed to the provision as one contributor to high interest rates on government student loans.
“Rates are going up, and the tuition is going up so [students] have to pay back more at a higher rate … all because of something young people had nothing to do with — and that’s the passage of ObamaCare,” said McConnell.
Neither the CBO or the Department of Education replied to requests for comment from Campus Reform.
i kinda lost track on whats savings is being spent where..
reminds me of when you win $500 you end up spending $3000 since you keep saying you won $500 its ok
My kids are grown, but still want money.
(They have jobz, but good jobs are hard to find)
#1 has gone into the underround economy, doing well.
#2 will....I don't know....
Lakecity what are they bugging you for?
My old man got in my face once when I was 18 after not looking for a job. And he asked me if I wanted to go on disability since I wasn't looking for a job.
Now I'm self employed, pay my share and don't really talk to him anymore. I've come to find out he's a goddamn socialist 1000x than I am. And held me to a standard he had in his mind.
Be thankful you have bastard kids running around eating your shit and stuff. It could be worse.
Please put me in contact with #1
inflation in china? no problem... just export it to america and the CPI will eat it.,...?
talked to my RE person, complained that the insurance company raised the cost to rebuild to 400+, so i asked him whats the house worth, he said 350+, and this is on CA 1/2 acre with an ocean view. or half of what they think its worth for insurance purposes. home and car insurance premiums ??%
Why aren't fuel prices included? Shit, these guys are almost as bad as government economists.
FU Berskankie
https://www.youtube.com/watch?v=2-gR7tw6Uwo
I demand more social benefits to pay for these expenses since I don't own a home yet.
Ah, the serenity that comes from not having children. This world ain't fit to raise kids in imo.
I was just about to post the same thing. Decided never to birth offspring on this spinning cesspool. Best fucking decision I made, ever. While my colleagues stress endlessly over bills, schools, schedules, college funds, and all of the rest of that shit, I'm looking for vacation properties. Life: good without spawn in a grossly overpopulated world.
Yep, if I raised a child up in the way that I believe, and he/she came home from school and cussed me, they would soon be building a new school house.
It's misleading to label these data as reflecting inflation. It should be labelled as changing in spending. For example, it implies that tuition is up 70% in two years - there's no question that it's up, but nowhere near that much on average -- heads would roll.
More likely, Mint users represent a demographic of 30- and 40-somethings who are changing their spending patterns as they age - retraining themselves or enrolling kids in private school or college.
The same problem applies to groceries - rising grocery costs are underrepresented because people switch to cheaper alternatives as prices rise, or their savings dwindle. Their overall spending rises only 6%, but they're eating cat food instead of steak.
Cat Food is up about 10%. But I have to get it because Titan needs her little-can.
http://www.dashop.de/images/blog/ImageShover/Kenny-Southpark-dead-dark.png
problem soon to be solved: soylent green may be people but when they go the natural way they bring food for your LOL-cat.
Next, Mr Let them eat I-Pods, William Dudley, will be telling people to eat bugs to stretch their income.
Go long bugs.
5 Creepy Crawlies People Love to Eat
1. SCORPIONS
2. GRASSHOPPERS
3. LOCUSTS
4. MAGUEY WORMS
5. CRICKETS
Emjoy muppets. I hear the legs have a nasty habbit of getting stuck between the teeth.
Hey, I live in Oaxaca, the birth place of quality Mezcal. We don't eat #4 on purpose. They are just for flavor. The problem is that they sink to the bottom of the bottle, and by the time we get there, we don't even notice that it went into our shot glass.
deep fry & batter. Problem solved.
How are "sticky" prices measured by Ben and his thieves?
Where prices have gone up in the past few years and are now at best stuck on a plateau. A trip to the supermarket astonishes me.
And gas was below 2 before QE( monetization) started. Lloyd Blankfuck and his ilk don't care what butter costs.
Worse still are airports. I try to pass through them as quickly and efficently as possible. But then I am stuck, and struck, by "squawking humanity".
I am not being classist here. I am simply amazed how stupid, rediculous and ignorant people can be.
Did you really need to take that 3 month old baby on an airline? Do you not understand that the baby is suffering? Did you think you could take all that luggage on board for free? Why the hell don't you foresee the need for your documants? Why are you so stupid?
try travelling in south america and see how stupid you look...you are being a classist , whatever the fuck that means.
You must have been sitting near the prez's mama as they were flying into Hawaii from Kenya. (early labor, missed flight).
Did you really think you could fit in that seat?
I notice and have noticed that anything government regulators can regulate goes up in price. I suspect a lot of the inflation is regulatory inflation. The powers that be really, really, don't want you to see that because they are afraid they'll lose the ability to sustain and grow the "phoney, baloney jobs."
It had been several decades since I had anything to do with a Sam's Club and they didn't have an online presence back then. They have tried to expand their customer base by offering smaller bulk units than they used to, also special discounts and other gimmics. One thing that surprised me is that online they are offering a lot of bulk freeze dried products that ordinarily I'd think would be aimed at the extreme surviavalists. I get the feeling a lot more people are worried about running out of food and are stocking up on stuff that doesn't need refrigeration. Poor man's gold.
What happened to the MIT project?
Holy cow! No wonder I am not experiencing inflation. I don't spend money on any of those categories.
How many calories in $1 worth of lard?
At $4/lb and 200cal/oz, ~800 calories.
http://www.walmart.com/ip/Crisco-All-Vegetable-Butter-Flavor-Shortening-...
2700 kcal / $
http://www.walmart.com/ip/La-Preferida-Lard-64-oz-Pack-of-12/17803827#Sp...
2400 kcal / $
http://www.walmart.com/ip/17803829?wmlspartner=wlpa&adid=222222222270000...
2100 kcal / $
The child rearing expenses are so sad. They are a window into the female psyche. Most of them are pointless. When women have kids, many of them suddenly decide that they MUST have certain things. It is a status issue, not a need. I think it must be built-in. Even my mom, who is totally not into stuff, went berserk thinking that we, her kids, had to have particular bits of crap. They are full of unusual hormones, they are going nuts, something must be done, and that something is a purchase. They are dissatisfied and miserable and the answer is a Baby Bjorn carrier and a Volvo. And they lord it over one another, often. I opted out, so I shouldn't judge; maybe I'd be just as bad.
It took me a long time to understand my mom's crazy spending when my brother and I were young. I finally realized and asked her: "You did all that buying of stuff because you thought you ought to, didn't you?" Yes, that was it. She really felt guilty if we didn't have every bit of junk available. My whiny greedy brother didn't help things.
I have a friend who is 26 y.o. with an infant. Her baby daddy (hard working but very badly paid engineer; 50k per year in the Bay Area) doesn't want to marry her; they live together, are broke; their parents help. She isn't stupid but she wants MORE MORE MORE; she knows it's destructive but she simply can't be satisfied with the fact that she has the amazing option of being a full time mom (with grandparent babysitting) for her infant's first year. There must be more!!!!!
Contentment is rare.
Men are absolutely just as bad re spending, but the triggers and the junk purchased is different.
Guns, hookers, fishing gear, zipline gear for the backyard, trampolines, brass ples for the strippers, strippers....
Hahaha, WAMO, how could you forget the beer???????
Taco bell bean burritoes will NOT give you indigestion. They are certainly not good for you, what with the dough conditioners and TBHQ, but they don't have the hideous "meat" bits or deep fried artery poison. $1.29 for one is enough calories (390) for a meal for a female; a guy would eat two. If you have no way to cook, you could eat one a day and not come to harm.
I cook from scratch, but am sometimes fooled. Once a year or so I will buy a prepared frozen item; perhaps pad thai or cheesecake or pasta with a cheese sauce. It looks so appealing in the picture! It tastes TOTALLY DISGUSTING, and nothing like food. It is better to have a bowl of homemade popcorn with olive oil on it, than almost anything purchased.
Recognize and beware the Narcissist and Sociopath in places of influence and control.
Expose them, and humiliate them, in creative, vigorous and lawful ways.
Recognize and accept where we are in the course of history (because we missed this round, again),
and change your expectations -- it is about protecting the mission, and
while the above process works, it takes a while.
Even more subtle symptoms of stagflation in our midst: "No free refills" and "Exchange fees" on broken merch.
Babies (Day Care & Supples)
Kids (Education & Activities)
Young Adults (Tuition & School)
Mid Life Adults (Utilities)
Elderly (Health Care)
Hmm, it looks like landing on the 35% +++Inflation Square is part of a game for all ages (kind of like landing on Boardwalk with a hotel on it).
Since Obama took office there's been a 30% inflation on consumer goods! Wait till Obamacare starts in 04 thats when hyperinflation will take off! Welcome to Socialism fellow Americans I grew up in one till the age of 21!
Bin here 30 years I think its time to move on!
my "dorito index" has gone through the roof. A 16 oz bag of dorito used to cost $0.99 few years back, probably before GWB made ethanol mandatory. Now 12oz~14oz bag is $4. That's 400% increase. So any fed members saying we don't have inflation ... all I can say is ... FUCK YOU ASS-HOLE!
The dangers of driving your car a 90 mph looking in the rear view mirror. $150k in student debt and hoping to keep your job as a greeter at Walmarts. All you picked up at college for that money was a life long case of herpes and a taste for 40's.
"...a taste for 40's"
Yeah - the taste is developed but on completion of the degree and entering the workforce spirits are no longer affordable. Thus one must drown their sorrows in casked wine or beer instead.
With the introduction of Monsanto GMO foods, the expression "Eat shit and die" has a whole new twist. Think I'll have some pink slime for a nightcap. Go heavy on the ammonia :-)
It's good to hear .... just real people .... out there .... you all touched me !
Our Blue Shield of California individual health plan permiums are up 20%, gas is skyrocketing, food including basics like milk and meat keep going up, yet the government says there is no inflation! What a crock!
Food, air fares, health insurance, home owners insurance, house maintenance...and the list goes on ... of items that have doubled in the past 4-5 years.
Don't worry, these costs will double again in the next 5 years....not to mention postal rate increases. property taxes, internet sales taxes...and on and on....
Good luck!
Generic Drugs Bubble. Bitchez.
Vote with your purchases. If it's too expensive don't buy it. You send a message that way, collectivley. If the checkout line is too long, leave your cart and walk out. Be reasonable and ask first for another checker. By walking you are sending them a message. Not buying and walking your last effective vote and right.
This chart isn't kid friendly. (sarc)