Comments on: Worried about Inflation? Read This First

By: Renard

Renard — Sun, 22 Jan 2012 05:09:03 +0000

I try (don’t always succeed) to keep my life as simple as possible for the exact reasons mentioned above. As Ray Davies of the Kinks sang, I too am “The Last of the Steam-Powered Trains”. I have no cellphone, let alone an I-Phone. The high cost of texting – doesn’t bother me a bit. I live in the Great Lakes Snowbelt, but have no snow-blower, because my snow-shovel works fine (isn’t hard to start, and uses no gas!).

Although I sometimes am concerned about inflation, and I am making financial preparations to deal with this, I definitely agree that lifestyle inflation is a bigger problem in contemporary America.

By: SFaith

SFaith — Mon, 18 Jan 2010 00:13:25 +0000

I’m experiencing a type of inflation now that I’ve entered my middle years that I never thought about before: Age related inflation.

I find that the amount of money I must now spend to maintain my health has skyrocketed. I need prescription meds that I never needed before. I also have to eat a healthier diet than I used to. I don’t WANT to, I HAVE to.

Now that this process has begun in my life, I can foresee it continuing as I approach my golden years.

I think I need to adjust my retirement saving plans.

By: Robert

Robert — Tue, 12 Jan 2010 17:30:28 +0000

I remember McDonalds used to have a hamburger for 29 cents on certain days (I think Wednesday). Yeah, try getting that these days.

By: John DeFlumeri Jr

John DeFlumeri Jr — Tue, 12 Jan 2010 01:53:19 +0000

That is being HONEST. We should not blame inflation, it’s us, and our spending ways, what we think we need.

John DeFlumeri Jr

By: Ken

Ken — Tue, 12 Jan 2010 00:53:01 +0000

I need not blame anything but myself for my financial situation. I have allowed Wants to become Needs. It’s about being responsible for my own actions.

By: Health Insurance Advocate

Health Insurance Advocate — Mon, 11 Jan 2010 22:30:23 +0000

I like that you’ve centered your inflation numbers against the cost of a value meal. Nice.

By: Matt

Matt — Mon, 11 Jan 2010 22:06:05 +0000

If we continue to create easy money, we’ll create false demand and if we do that, we’ll create inflation.
Still, I don’t believe anything is inevitable.

By: marci

marci — Mon, 11 Jan 2010 19:52:11 +0000

Greed and gotta-have-it seem to be what causes the problems for most people.
No greed, and no gotta-have and a person does just fine – no need to spend much Again – grow a garden. Grow a garden. Grow a garden. There’s 1/2 your grocery bill right there. Or it could be – and you’d be eating a lot healthier

Your youth is showing a bit tho in this post (Nicely said there)
I actually had a cell phone over 25 years ago – a big old thing in a zippered case about 6x8x2 inches thick, with a battery about 6 times the size of a big cell phone today. And internet? Also remember actually having it in my house 15 years ago – and I had fought off getting it for a long long time before that…. but for doing geneaology research, it SURE was a big help living in this rural area.

Texting? My grandkids had to show me how to do it. lol.

By: Cd Phi

Cd Phi — Mon, 11 Jan 2010 17:38:08 +0000

So true. If we look at the way we’ve been living, I’m sure we’ll realize that there are many things that can be cut from our lifestyle because it is just excess. Sure, the price of a McDonald’s meal may have increased, but do you NEED the McDonald’s meal? You could probably do without it.

By: Minority Fortune

Minority Fortune — Mon, 11 Jan 2010 15:38:29 +0000

You’re right in that the problem lies in not reacting to inflation but being proactive about inflation. As 2 Cents noted, we’ll be due for increased inflation rates when the Feds raise the interest rates. Until then, we should all be mindful of our spending and proactive with our money.