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<blockquote data-quote="Anonymous" data-source="post: 1457028"><p>I just did a quick google search. The maximum monthly ss payment in the year 2000 was around $1400. Last year was $2600. I'm no expert economist but I've been running my business for well over 20 years. I can tell you the cost of doing business has well over doubled since 2000. SS checks have not over doubled. I'm not sure if you can call that hyperinflation, but I think a retired person could live better on $1400 per month in 2000, than $2600 today. Anyone that isn't investment savvy but was just a worker/saver and accumulated some cash sitting in the bank over that time frame has lost 30% to 40% of their buying power. That's if you use the govt inflation reports, which I don't think are accurate.</p></blockquote><p></p>
[QUOTE="Anonymous, post: 1457028"] I just did a quick google search. The maximum monthly ss payment in the year 2000 was around $1400. Last year was $2600. I'm no expert economist but I've been running my business for well over 20 years. I can tell you the cost of doing business has well over doubled since 2000. SS checks have not over doubled. I'm not sure if you can call that hyperinflation, but I think a retired person could live better on $1400 per month in 2000, than $2600 today. Anyone that isn't investment savvy but was just a worker/saver and accumulated some cash sitting in the bank over that time frame has lost 30% to 40% of their buying power. That's if you use the govt inflation reports, which I don't think are accurate. [/QUOTE]
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