It is 3:45PM. Nuria and I just returned from a late lunch at Olive Garden. I ate soup and salad. Nuria ate chicken scampi and part of my salad. We both drank tea. The check was $48.24 including gratuity. I remember when you could eat a pretty good dinner for that amount.
A dollar in year 2000 had the same purchasing power as $1.82 had in August, 2023. To put it another way, your money is worth 55% of what it was worth in January, 2000. I hope you have your money in a high-yield saving account, though the best ones are paying only 5% now (October 2023). That will barely keep up with inflation, although the inflation rate has been coming down in the months since June 2022 when the annual inflation rate peaked at 9.1%.
But I'm stating what everyone knows and there's nothing to be done about it, so why complain? But it has to be worrisome to retirees who are depending on their savings plus social security to get them through the month. It's a good thing I'm independently wealthy, with millions of dollars in cash and bonds stuffed into my mattress. And Nuria thinks it's just a lumpy mattress that we sleep on.
Correction: Nuria sleeps. I lie in bed awake until I get up and watch some YouTube. Last night I went to bed at 10PM, and I got up at midnight and went to my PC and watched YouTube videos until 2AM, then I returned to bed. I was wide awake so I got back up and returned to bed at 4AM. At that point I was tired enough to finally drift off to sleep. My circadian rhythm is screwed up. I can sleep, just not at night.
1 comment:
Greetings
I enjoyed reading about your lunch date. It does seem that anywhere you go food is a big higher --so thanks for the stats on the dollar -- I love this information.
I suppose you will have to realize that having a nice lunch in a restaurant is not cheap and I hope the company and the ambience made up for the costs.
We have a very small diner not far from my house --3 hot dogs and 1 order of fries $23.00 -- won't be going there often. But the lady is super clean and used to cook homemade foods until she found canned and institutional foods cheaper and a higher yield on the bottom line.
Enjoy the weekend ---
Thanks for the post.
Best, LL
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