Payrates: Industry standard - Delta plus a nickel
Retirement: Current $130K retirement (effective 1999) adjusted for inflation: $232,307.50 / year (at end of 2022)
Value of $130,000 from 1999 to 2022:
$130,000 in 1999 is equivalent in purchasing power to about $232,307.50 today, an increase of $102,307.50 over 23 years. The dollar had an average inflation rate of 2.56% per year between 1999 and today, producing a cumulative price increase of 78.70%.
This means that today's prices are 1.79 times as high as average prices since 1999, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 55.960% of what it could buy back then.
The inflation rate in 1999 was 2.21%. The current inflation rate compared to last year is now 7.11%.
Our retirement must have an adjustment rate attached to it based on government inflation rates or an agreed upon value!!
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If we agree to anything less, WE ARE MORONS!!!!!!!!!!!!!!!!!!!!!!!!!