Things cost more, and you get less with companies giving you smaller packages for the same price.
Here's the thing, we have almost 6% "official" inflation numbers since last year (likely higher) but interest rates are at 3% or less for home loans and the FED official rate. Your savings account gives you 2% I bet.
This is a tax on savings....whether on purpose or on accident. If the interest rate goes up, then the Federal Government if fucked because interest payments on the ginormous national debt eats up government expenditures, unless they raise taxes.
You have to put your money someplace where you get at least 6% interest.
Things cost more, and you get less with companies giving you smaller packages for the same price.
Here's the thing, we have almost 6% "official" inflation numbers since last year (likely higher) but interest rates are at 3% or less for home loans and the FED official rate. Your savings account gives you 2% I bet.
This is a tax on savings....whether on purpose or on accident. If the interest rate goes up, then the Federal Government if fucked because interest payments on the ginormous national debt eats up government expenditures, unless they raise taxes.
You have to put your money someplace where you get at least 6% interest.