2021 pay raise: Please, no whine with the cheese!

If you’re a white collar federal worker who’s unhappy with that 1% January pay raise, welcome to the club. Many sincerely believe they deserve much, much more. And they’ll be hard-pressed to get through the next year with only a token pay adjustment. Especially those in front-line and hazardous jobs. But hold that thought. Better yet, repress it in mixed company. Especially if one of the person’s in the mix, a friend, in-law, neighbor, whatever, doesn’t work for the federal government. And maybe doesn’t have a job. Maybe they have been unemployed since March or April. Or…

If they “lucky,” as in still employed, there is a good chance he or she may have taken a pay cut, anywhere from 10 to 50%, in order to keep it. Many people could handle a 10% reduction, but it would hurt. But 20, 30 or 50% might involve some changes. Like how often you eat, pay the rent, etc. He/she would probably love to be working today when most feds, by White House directive, have the day off!

I personally know dozens of people whose companies–mainly in the media–have gone out of business. Some got severance, which means no unemployment benefits. Others have been drawing unemployment (until it ran out). Many can’t find any work, much less in the field — newspapers, radio, wire services, TV — where they spent their lives. They would happily join those who voluntarily took 15% pay cuts until….things get better. Which they haven’t.

So a word to the wise. If you work for Uncle Sam, sorry about the raise. It should have been more. That said, don’t complain about it to an out-of-work friend or neighbor, or you really may have something to worry about.

Happy holidays!

Nearly Useless Factoid

By Brian Bradley

When a man allegedly found a dead mouse in his can of Mountain Dew, Pepsi had an expert claim in an affidavit that the drink was so acidic it would have dissolved the mouse after 30 days.

Source: Mental Floss

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Sep 17, 2021 Close Change YTD*
L Income 23.2077 -0.0415 4.43%
L 2025 12.0240 -0.0418 8.33%
L 2030 42.5522 -0.1952 10.54%
L 2035 12.7953 -0.0643 11.50%
L 2040 48.4773 -0.2641 12.46%
L 2045 13.2947 -0.0772 13.28%
L 2050 29.1552 -0.1795 14.12%
L 2055 14.3671 -0.1053 17.18%
L 2060 14.3671 -0.1053 17.18%
L 2065 14.3671 -0.1054 17.18%
G Fund 16.6644 0.0006 0.88%
F Fund 21.0666 -0.0298 -0.55%
C Fund 66.6676 -0.6128 21.56%
S Fund 85.0861 -0.0794 16.31%
I Fund 39.4469 -0.3006 11.70%
Closing price updated at approx 6pm ET each business day. More at tsp.gov
* YTD data is updated on the last day of the month.