Inflation stings most if you earn less than $300K. Here’s how to deal:— Bloomberg Opinion (@bopinion) March 19, 2022
?? Take the bus
?? Don’t buy in bulk
?? Try lentils instead of meat
?? Nobody said this would be fun https://t.co/HGJEoXL5ZZ
They’re really going full Great Reset with Ukraine being a justification to make you poorer and less able to afford meat.
“If your income is more than $289,000 a year, the run-up in gas prices may be alarming — but it’s unlikely to hammer your overall finances. After all, Americans at that level spend no more than 1% of their take-home pay on gas and oil, according to the Bureau of Labor Statistics.
For those earning much less, it’s a different story. Those at the median, with income of about $50,000, spend more than 3% of it on gas and motor oil. Low-income households making between $7,000 and $19,000 spend about 9%. The latest inflation numbers show gas prices jumped 6.6% in February from a month earlier — even before President Joe Biden banned U.S. imports of Russian oil. …
When it comes to food, don’t be afraid to explore. Prices for animal-based food products will certainly increase. Ukraine and Russia supply a significant amount of corn and barley to the world market, mainly to feed livestock for human food. Meat prices have increased about 14% from February 2021 and will go up even more. Though your palate may not be used to it, tasty meat substitutes include vegetables (where prices are up a little over 4%, or lentils and beans, which are up about 9%). Plan to cut out the middle creature and consume plants directly. It’s a more efficient, healthier and cheaper way to get calories. …”
Remember, if you are finding it harder to afford literally everything (gas, groceries, rent, etc.) because of our policies, you’re sticking it to Putin.
Note: I haven’t seen any Putin stickers, but these are everywhere now.