How About You?.
I imagine that I, like all of you, check our bank statements each month, but I also do a little sum by differencing the increase/decrease each month on the previous month, I then do an algebraic average which tells me how much my income exceeds, hopefully, my out goings.
Having just reached my end of financial year I found the figure to be far in excess of what I expected, happily on the plus side, so I rechecked the figures, all OK.
Digging back I found a somewhat surprising fact and that is that since 2018 my surplus income had increased by almost a factor of four, despite low pension increases and rising inflation.
Question is why?, conclusion is that 2019 was the start of Covid with all its restrictions and a bit due to aging and mobility loss, a quick brouse through the CC statements confirmed this. Now if this conclusion is true then it is likely that, particularly among the older age group, that there is a a substantial pool of money out there that is waiting to be spent and if this is so, then it must be a positive for bringing inflation down.
Has any other member shared our experience?.
Having just reached my end of financial year I found the figure to be far in excess of what I expected, happily on the plus side, so I rechecked the figures, all OK.
Digging back I found a somewhat surprising fact and that is that since 2018 my surplus income had increased by almost a factor of four, despite low pension increases and rising inflation.
Question is why?, conclusion is that 2019 was the start of Covid with all its restrictions and a bit due to aging and mobility loss, a quick brouse through the CC statements confirmed this. Now if this conclusion is true then it is likely that, particularly among the older age group, that there is a a substantial pool of money out there that is waiting to be spent and if this is so, then it must be a positive for bringing inflation down.
Has any other member shared our experience?.
