Monday, January 17, 2022

Digest for misc.consumers.frugal-living@googlegroups.com - 6 updates in 3 topics

Lenona <lenona321@yahoo.com>: Jan 17 01:02PM -0800

The study is from the Center on Budget and Policy Priorities. (It's not that long.)
 
https://www.cbpp.org/research/federal-tax/childless-adults-are-lone-group-taxed-into-poverty
 
Excerpt:
 
"Childless Worker With Income at Poverty Line Owes $1,000 in Federal Taxes"
 
From Reddit:
 
"Here is an interesting link to a study about how childless adults are the only group in the US that are intentionally taxed further into poverty. And there are groups advocating taxing the childless/childfree more, regardless of why they are CF."
 
https://www.reddit.com/r/childfree/comments/s5ejlc/here_is_an_interesting_link_to_a_study_about_how/
 
More than 100 comments.
 
Of course, not having children prevents a lot of expenses. However, I, for one, have known at least two well-educated, unmarried, childfree men (now in their 50s - they don't know each other) who have had a great deal of trouble making ends meet and who couldn't get the help they needed from the state, precisely because they don't have children.
 
And, haven't we all heard of single millennials who ALREADY have to work 60 hours a week or more and so they don't see how they could possibly afford a family, let alone have any "family time"?
Bob F <bobnospam@gmail.com>: Jan 17 02:56PM -0800

On 1/17/2022 1:02 PM, Lenona wrote:
 
> More than 100 comments.
 
> Of course, not having children prevents a lot of expenses. However, I, for one, have known at least two well-educated, unmarried, childfree men (now in their 50s - they don't know each other) who have had a great deal of trouble making ends meet and who couldn't get the help they needed from the state, precisely because they don't have children.
 
> And, haven't we all heard of single millennials who ALREADY have to work 60 hours a week or more and so they don't see how they could possibly afford a family, let alone have any "family time"?
 
It must be a lot worse today with education loans becoming so huge.
Beaver Fever <Beaver_Fever@live.com>: Jan 16 10:36PM -0800

All the money I saved up by being frugal is just sitting in the bank losing 6.8% of it's value annually. What do I do? Don't tell me to buy stuff because I don't want anything.
Nyssa <Nyssa@LogicalInsight.net>: Jan 17 09:05AM -0500

Beaver Fever wrote:
 
> in the bank losing 6.8% of it's value annually. What do I
> do? Don't tell me to buy stuff because I don't want
> anything.
 
There are basically only two options: invest in something
tangible (like land, real property, or other valuables) or
stocks (riskier) or convert it into another currency in a
place that's both stable and not suffering similar high
inflation (Swiss francs maybe?).
 
Otherwise, we frugal types who squirrel away more than we
spend are screwed.
 
The big guys don't worry because they've got multiple options
and loads of accountants and lawyers who have ways to avoid
many of the problems.
 
But us little guys, yep, we're screwed.
 
Nyssa, who has been trying to get repairs done to her house
but the supplies aren't available, but when they finally
appear the prices will be horrendous
Beaver Fever <Beaver_Fever@live.com>: Jan 17 01:53PM -0800

On Monday, January 17, 2022 at 6:05:41 AM UTC-8, Nyssa wrote:
 
> Nyssa, who has been trying to get repairs done to her house
> but the supplies aren't available, but when they finally
> appear the prices will be horrendous
 
A business associate recommended a financial advisor but I haven't called him yet.
 
I made a fuckload in a pricing arbitration scheme but after Delta hit and I started taking losses I got scared off and looking for something safer to put my money into.
gggg gggg <ggggg9271@gmail.com>: Jan 16 08:22PM -0800

On Wednesday, January 12, 2022 at 5:43:29 PM UTC-8, wrote:
> https://www.pbs.org/newshour/show/inflation-surged-at-the-fastest-pace-in-40-years-what-will-it-mean-for-consumers
 
https://www.washingtonpost.com/business/2022/inflation-charts/
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