Subject: Re: Re: Re: SALARIES

Comments:
: Ken, : I will address your post point by point below: : : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx : : Eric: : : No one is challenging you about you 2.6% figure you posted as to the Dept. of Labor statistics as to salary increases. Is there anything about this statement that you don't understand. : ----->For the last time, the statistic I posted is not for salary increases, it is for INFLATION (which is the increase in the cost of goods and services). Do you understand this? INFLATION. : Have you even gone to look at the Dept of Labor site yet? Is there anything about THIS that YOU dont understand? : : What Doctor Leonard the professor of Economics at a large midwestern university has stated to you is that you misinterpreted my posting in reply to you and you did not recognize that I was referring to the purchasing power of a dollar twelve years later. : -----> Yes I am referring to the purchase power of a dollar 12 yrs later. How you calculate that is to use INFLATION, or the approx 2.6%!!! There is no way Dr. Leonard is a prof. of Economics if he doesnt know this. : : It is as simple as that. By the way, I believe you were very rude to Dr. Leonard, PhD for attempting to start an arguement saying that you were right and he was wrong on the 100insurers.com message board. : ----->Because he is WRONG!! : : Shame on you. You mother should give you a good spanking for being so rude. : ----->I was not rude, I just pointed out that he was wrong. : : Ken Young : : : : : Can anyone tell me if there is a "rule of thumb" when calculating future value of money (ie- salary)?? : : : For instance, if someone made 127k twelve years ago, what would that equate to as a salary today? : : : I use the Dept of Labor Statistics showing an average inflation rate of approx 2.6%. Has anyone ever heard of another way to calculate it? : : : Only serious replies with sources, please.

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