You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.

Latest

Greatest

Lobby

Journals

Options

Help

So how much of a pay cut has America taken? [View All]

Printer-friendly format

Email this thread to a friend

Bookmark this thread

This topic is archived.

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009)

harlinchi

(954 posts) Send PM | Profile | Ignore

Fri Oct-19-07 03:31 PM
Original message

So how much of a pay cut has America taken?

Advertisements [?]

Since the Federal Reserve has dumped tens of billions of dollars into the credit markets, accelerating an already steep decline in the value of the US dollar, how much value has America lost? I'm wondering about folks at different levels of income. How much purchasing power was lost by those making $50k, $75k and $100k? Our dollars will not buy as much. Can someone help me quantify that loss, or point me to a place that could?

Printer Friendly | Permalink | | Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009)

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home | Discussion Forums | Journals | Store | Donate

About DU | Contact Us | Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.