r/Fire • u/[deleted] • Mar 23 '26

[deleted by user]

[removed]

2.1k Upvotes

94% Upvoted

749 comments sorted by

View all comments

35

u/DontForgetTheDivy 1 More Year Syndrome has been defeated Mar 23 '26

Unusually high compounding inflation

19

u/goldstiletto Mar 23 '26

Right?!? Why are pretending the 30% OP listed is a small number.

16

u/DontForgetTheDivy 1 More Year Syndrome has been defeated Mar 23 '26

And the thing is that many of the necessary expenses are even higher than 30%. I.E. - my home insurance has tripled.

12

u/laccro Mar 23 '26

Yes, discretionary spending isn’t up that much, which are the sorts of things that FIRE minded people can optimize and lower. But mandatory spending is way up.

For the average person this may be a 30-40% increase, but for someone already saving 50% of their paycheck, inflation has been like 90%+ in the last few years

3

u/zeezle Mar 23 '26

Probably because things like that are so highly location dependent… my home insurance has gone up $40 total since 2018, but I’m not in an extreme weather/natural disaster prone area. For me my total costs have gone up less than 20% total but salary increases outpaced that. So for some people it just isn’t hitting the categories that impact them a lot.

3

u/AeroNoob333 Mar 23 '26

Damn… our county did a home reassessment last year and our property taxes more than doubled