The problem as it is now , if you did not get a raise of 10 % like many others did you are ok. ! but you should realize That inflation did no go away the cost of living for everyone went up.

The seniors buying power of their income dropped by 10 % simply called devaluation plus inflation you are looking a 20 % or the hated word ” devaluation of the national dollar.”

Both words mean the same thing .

PENSIONES ARE FIXED INCOME 2.4%

That devaluation does incredible damage to our countries economy and that went over many peoples heads, to prove the point because nothing was done about it. there were no controls in place .
Another way of looking at it devaluation never goes away .

Personaly I knew devaluation was gouing to hit Bermuda as i knew it was just a matter of time.
Are we betty off because of it. NOT A CHANCE !
If you did receive a 10 % increase in you income from you companies profits YES then some body in increased profits where you work to balance the books and you payed more for your bread and butter .
Carering to inflation brough the so called your economy back to square one for some but not all.

The pensioners are always the less fortunate with the promise or 2.4 % for seniors pensioners in October 24 why the delay you may ask ? that is an insult !

They are treating devaluation as if it never happenred but inflation included did happen and it got out of hand.

The bottom line is the cost of living went up with seniors and pensioners getting a kick in the pants.

For example over in Blighty years ago seniors pensions increased up by2% with the price of coal going up by 4%.

Here they never tell you the value of the pension funds and where the 2.4% is coming from !

if the economy is devalued by 10% so it nessesarly follows that the person fund has devalued by 10% ie it is worth less. or has less value.
It cost our visitors more to come here.and stay a few days .

It is said by the experts that devaluation encourages more business but the dont realize that a country never recover from devaluation of its currency .