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Reply #25: Is it any wonder? [View All]

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NMMNG Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-09-06 11:37 PM
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25. Is it any wonder?
Gasoline prices can go up anywhere from 10% to over 50% at the drop of a hat. Utility prices have nearly doubled for many in the wake of Hurricane Katrina. Food prices are always on the rise as are those of other essentials. Credit card interest can be anywhere from 7%-25%, and mortgage interest around 3%-8% or more.

If I am lucky I will get an increase of 2-3% each year at my two jobs. I was lucky at one of my jobs this year, but not at the other. Needless to say none of my costs of living went down, nor did any of them increase by a mere 2-3%. So how am I supposed to do this extravagant saving that all of the experts recommend?

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  -Americans saving less than nothing Spending could outstrip income in 2005 RamboLiberal  Jan-08-06 08:02 PM   #0 
  - Amazing how little you save when your income is slashed in half.  Straight Shooter   Jan-08-06 08:08 PM   #1 
  - Of course, what we have budgeted for savings  LEW   Jan-08-06 08:11 PM   #2 
  - He was not elected and we are all paying the consequences.  mom cat   Jan-08-06 08:32 PM   #6 
  - Non-wealthy Americans aren't saving because they feel that they  cantstandbush   Jan-08-06 08:12 PM   #3 
  - I agree with your analysis.......  llmart   Jan-09-06 05:59 AM   #9 
  - Check out your neighbors in the burbs  Warpy   Jan-08-06 08:15 PM   #4 
  - oh what joy  high density   Jan-08-06 08:16 PM   #5 
  - With Credit Card payments doubled that line of credit  RamboLiberal   Jan-08-06 08:40 PM   #7 
     - And They Can't Declare Bankruptcy Anymore  AndyTiedye   Jan-08-06 09:23 PM   #8 
  - Many reasons, IMO  KayLaw   Jan-09-06 06:16 AM   #10 
  - My income was cut $25,000 a year for 8 months. I'm still not able to  Mountainman   Jan-09-06 11:25 AM   #11 
  - Tell them this:  skids   Jan-09-06 02:25 PM   #21 
  - Duh!  SoCalDem   Jan-10-06 12:53 AM   #27 
  - Wait 'til the line of home equity credit is all used up  Ezlivin   Jan-09-06 11:46 AM   #12 
  - Kick and Nom. This is why they pushed the Bankruptcy bill through so fast.  sarcasmo   Jan-09-06 11:50 AM   #13 
  - "savings rate has been offset by another factor -- rising home prices"  Roland99   Jan-09-06 11:56 AM   #14 
  - Savings rate has been offset by another factor -- UNDERemployement  mcscajun   Jan-09-06 12:10 PM   #16 
  - You speak true.  Roland99   Jan-09-06 12:11 PM   #18 
  - They probably meant  JusticeForAll   Jan-10-06 12:51 AM   #26 
  - It pains me to see this happening in America...  AnneD   Jan-09-06 12:04 PM   #15 
  - I know I've got zero savings right now. Any thoughts on why  jasmeel   Jan-09-06 12:10 PM   #17 
  - Maybe....  AnneD   Jan-09-06 12:23 PM   #19 
  - part of their terror campaign  central scrutinizer   Jan-09-06 03:15 PM   #22 
  - I'm blaming this on the credit card industry...  lovuian   Jan-09-06 12:28 PM   #20 
  - The nation is just following *'s lead  klook   Jan-09-06 03:32 PM   #23 
  - The BFEE broke the bank, now we all pay the bill.  Rex   Jan-09-06 03:43 PM   #24 
  - Is it any wonder?  BuffyTheFundieSlayer   Jan-09-06 11:37 PM   #25 

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