Attrition
01-12-2022, 07:29 AM
#421
Line holder
Joined APC: Nov 2013
Position: On the bus,seat 0A
Posts: 3,356
Yeah, well inflation numbers like this ought to open some ears up…
Not corrected for inflation, you lose 7% of your purchasing power a year. So at the end of a five year contract with only a 2% per year kicker, you could be down to (0.95)^5 or roughly 77% of the purchasing power you had on day one of the contract.
Not corrected for inflation, you lose 7% of your purchasing power a year. So at the end of a five year contract with only a 2% per year kicker, you could be down to (0.95)^5 or roughly 77% of the purchasing power you had on day one of the contract.
01-12-2022, 07:39 AM
#422
Gets Weekends Off
Joined APC: Dec 2018
Posts: 469
Yeah, well inflation numbers like this ought to open some ears up…
Not corrected for inflation, you lose 7% of your purchasing power a year. So at the end of a five year contract with only a 2% per year kicker, you could be down to (0.95)^5 or roughly 77% of the purchasing power you had on day one of the contract.
Not corrected for inflation, you lose 7% of your purchasing power a year. So at the end of a five year contract with only a 2% per year kicker, you could be down to (0.95)^5 or roughly 77% of the purchasing power you had on day one of the contract.
01-12-2022, 09:05 AM
#424
Gets Weekends Off
Joined APC: Feb 2014
Posts: 745
Yeah, we should shut down another pipeline! B’cause, as we’ve been told, higher prices are good for the middle class and inflation is just “transitory”.
I trust everything the federal government tells me. And I trust everything they do is for OUR benefit.
(Yes, that’s sarcasm for those of you who don’t immediately recognize it).
I trust everything the federal government tells me. And I trust everything they do is for OUR benefit.
(Yes, that’s sarcasm for those of you who don’t immediately recognize it).
01-12-2022, 11:36 AM
#426
Line holder
Joined APC: Nov 2013
Position: On the bus,seat 0A
Posts: 3,356
01-12-2022, 12:47 PM
#427
Perennial Reserve
Joined APC: Jan 2018
Posts: 12,252
Last serious study done showed that 66% of Americans do not understand compound interest. One would HOPE that airline pilots are all in the other 34%. Probably not anything you would want to bet your life on though…
01-12-2022, 02:15 PM
#428
Gets Weekends Off
Joined APC: May 2015
Posts: 469
Pfffft.. I’d say 3 out of 5 guys I fly with contribute less than 7% to their 401k because they don’t trust investing, they think if you make 200k then every dollar is taxed at that tax rate, can’t tell you even 1 fund their 401k is invested in.. etc. I’m not a financial genius… and Pilots are educated folks, but the lack of financial literacy is an American problem ..pilots included.
01-12-2022, 03:25 PM
#429
Gets Weekends Off
Joined APC: Jan 2018
Posts: 1,797
Pfffft.. I’d say 3 out of 5 guys I fly with contribute less than 7% to their 401k because they don’t trust investing, they think if you make 200k then every dollar is taxed at that tax rate, can’t tell you even 1 fund their 401k is invested in.. etc. I’m not a financial genius… and Pilots are educated folks, but the lack of financial literacy is an American problem ..pilots included.
That won’t mean what it used to when he retires, but that was just the 401k stuff without growth let alone outside investing or his significant other putting money away too.
01-12-2022, 06:42 PM
#430
Gets Weekends Off
Joined APC: Sep 2014
Position: Da Bus, Left
Posts: 1,567
I’d like to see the CPI 2021 vs.. 2019….. Comparing 2021 prices vs. 2020 is like comparing our 2021 revenues vs. 2020…. Look at this HUGE jump in money!!!!!!
Prices are up, definitely, but how much more than what we were accustomed to in 2019???
The second question is, is the growth in price from 2021 vs. 2019 growth related or supply chain blockage related??
Prices are up, definitely, but how much more than what we were accustomed to in 2019???
The second question is, is the growth in price from 2021 vs. 2019 growth related or supply chain blockage related??
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