Fed Accelerates The Destruction of Your Savings and Fixed Pension -- Your $500,000 Nest Egg Cut to $250,000 Over 25 Year

They jacked up their “Inflation Targeting” to 2.8% from 2.0%.    This “plan” will destroy everything you saved for even quicker.    I did the math.    Check it out.

My total OP

https://deeperdivedata.blogspot.com/2023/02/fed-accelerates-destruction-of-your.html

You think you need $70,000 to live an OK retired life at 60YO.    At 85 your savings will require at least $140,000 a year.   

Divide by amount saved.

Really glad you did the “disgust” early retirement?

——————————————

 Y’all Non-Workers out there.   So you tried to retire just because you were sick of it all…..so you jumped the gun and that felt good for a while.    Then they rolled you with 25% inflation in just months.

Now they increase their “inflation targeting” from 2.0% to 2.8%.   The Table shows both figures.

This is theft.    These great systemic lies should be well known.   And push back should be appropriate.