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L.a. 2013

May 15, 1988

Inflationary economy is not a rhetorical projection. History has established its trend. At the historic rate of inflation, wage earners today making $40,000 annually will have to earn $240,000 to remain at their current standard of average living. (The article mentions Alma stopping at the bank for two $20 bills. This will be the near equivalent of $5. A loaf of bread will cost more than $6.)

Those on or facing retirement have an even worse dilemma. Their Social Security, pension fund and saving programs, all of which are supplemental, will not provide a situation where the "sums equal the whole."

The wage scale of the average person can in no way keep up with inflation; in fact, the projected job availability indicates lesser incomes, not the contrary. What is the planned solution?

STEVE MADARAS

Rowland Heights

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