90 Is The New Black: What The Hell Does It Mean?

I’m often asked about the title of this old guy blog. Simply, the implication is that seniors are now the most abused minority. For example, My monthly retirement pay seemed adequate when I retired 28 years ago. Every other year or so, my kindly company raises it by a percentage point or two.

However, according to the Bureau of Labor Statistics Consumer Price Index, during that time the dollar experienced an average inflation rate of 2.35% per year. Prices in 2018 are at least double those in 1990. The inflation rate in 2018 is an almost modest 1.99%. However, in some cases, it’s much more. Gasoline has gone from $1.10 to $3.50. Homes for sale or rent are up more than 300%. Among the worst to hit our most elderly are typical monthly nursing home fees, exploding from $500 to $5,000.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s