Living on a Budget, Saving Money/Inflation

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Question
Hi,

I would just like a non-government expert's opinion on what the "real" rate of inflation is in the U.S.  I've seen on some sites  it's very low, but I've also read that "non-government" experts think it's more like 11%.  What are your thoughts on this?  Thanks.

Katie

Answer
I'll give you my ballpark opinion on this.  The Government rate of Core CPI is a total joke, as it ignores key elements.  In my area (Long Island, NY), between tax increases, food increases, health insurance increases, utility(electric) increases, and oil/gas increases, along with all the other Core CPI items, I estimated that my true cost of living increase this past 12 months was close to 13%.  Yes, 13%!  I laugh at all the politicians/statisticians over the past 10 years or so, who continue to state that inflation is running at 2-3 %.  What planet are they living on????

Living on a Budget, Saving Money

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Douglas Hayman

Expertise

I will gladly answer any and all questions relating to family, home, or household budgeting. I consider myself a pioneer and expert in the area of disciplined budgeting.

Experience

I routinely manage my home budget using my home-grown system. Additionally, in corporate America, I managed a multi-million dollar budget for a technical Fortune 100 Financial Services company for many years.

Publications
(1) "Reduce Your Monthly Budget By 20% Using Simple Budgeting Strategies" (2012) ISBN # 978-0-9081613-1-1 http://www.BudgetSurgeon.com (2) "How to Maximize Traffic to Your Website" (2007) - ISBN # 978-0-9801613-0-4 http://www.expss.com/ebooks/WebsiteTraffic.htm

Education/Credentials
B.A., Economics, Stony Brook University, Stony Brook, NY M.S., Computer Science, Stony Brook University, Stony Brook, NY

Awards and Honors
B.A. with Honors, Economics, Stony Brook University, Stony Brook, NY

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