Lower Standard of Living

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Chain store sales dropped since last week, and are up on 2.4% compared to last year, but wait, if inflaiton is up almost 4% and our purchases are up less than that, then the math is undeniable, we actually got less stuff. Makes perfect sense, our real income is down roughly 2% over the past year and we’re reducing our standard of living accordingly.

http://www.economy.com/dismal/pro/release.asp?r=usa_rtsnap&src=dd_immediate

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