40 Year High Rate of Inflation Is Causing Seniors Significant Pain!

40 Year High Rate of Inflation Is Causing Seniors Significant Pain!

Tuesday, 22 March 2022

The Annual inflation rate in the US accelerated to 7.9% in February of 2022, the highest since January of 1982, matching market expectations.

- Energy inflation remained the biggest contributor (25.6% vs 27% in January), with gasoline prices surging 38% (40% in January). 

- Shelter inflation accelerated (4.7% vs 4.4%).

- Food inflation (7.9% vs 7%, the largest since July of 1981), namely food at home (8.6% vs 7.4%).

- New vehicle inflation (12.4% vs 12.2%);

- Used cars and trucks inflation (41.2% vs 40.5%).

Excluding volatile energy and food categories, the CPI rose 6.4%, the most in 40 years. Still, the surge in energy costs due to war in Ukraine is still to come. The inflation was seen peaking in March but the recent developments in Europe coupled with the ongoing supply constraints, strong demand, and labor shortages will likely maintain inflation elevated for longer. Source: U.S. Bureau of Labor Statistics

Negative Impacts on Ride Share Drivers

People who drive for ride-hailing and delivery companies like Uber and Lyft have been hit hard by rising gas prices, because their ability to earn money is tied to driving hundreds of miles each week. And because these drivers are independent contract workers, the companies do not reimburse them for the cost of fueling up, which impacts their earnings significantly.  The national average price of a gallon of gas peaked at a record $4.33 last week, according to AAA. In California gas now averages $5.77 a gallon.  Many ride share drivers are questioning whether they are even making a profit after subtracting all of the costs involved.

Reliable Rider Clubs

Seniors are feeling the inflation the most at the gas pump and the grocery store. For many Seniors the cost of individually owning and operating a vehicle may become prohibitive in the near future. People who want out of individual ownership may want to consider joining a Senior Ride Share Club. With shared ownership the operating costs of transportation are divided by the number of members in the club and by the miles of transportation used by each member. Operating costs include: drivers, vehicles, insurance, fuel, service maintenance, repairs and administrative costs.  Some of the impacts of inflation can be mitigated by sharing the rides and the transportation costs.  Register your interest in becoming an RR club member.

Best Ride Share System for Seniors

Senior Ride Share Clubs provide a host of benefits for their senior users. All applicants for club membership receive background checks of criminal history prior to having their membership approved. Applicants pay for their own background check ($75 non-refundable). Clubs will have no more than 30 to 60 members in their Members Only Ride Share System. Club members can book their ride pickup time and location and the destination location up to 90 days in advance.  Other club members can share the same ride if their pickup location and destination location align with the route.  Club members pay $250 per month for up to 250 miles of transportation in that month.  If a club member uses more than 250 miles of transportation in any month, their credit card will be billed $1.50 per extra mile.  By ridesharing, we mean two or more persons traveling in an automobile together.

Senior Ride Share Clubs are attractive to Senior Citizens who no longer want to drive or individually own vehicles. Other groups of people who may be interested in joining a club include: People who cannot obtain a driver's license for any reason.  People who want to opt out of the Legal Liabilities of driving. People who want the Dollar Savings of Shared Ownership. People who have Medical Issues or concerns that prevent them from driving. People who want to manage the risks of consuming alcohol at restaurants, bars, music and sporting events. People who value Safety and Security above all other considerations. Register your interest in becoming an RR club member.

Labels: Best Ride Share System for Seniors, Reliable Transportation for Seniors USA, Safe and Secured Rideshare for Seniors, Self-managed Rideshare Club, Zip Code Based Ride Share Clubs

Location: 4140 E Baseline Rd STE 101, Mesa, AZ 85206, USA

  • Posted by Admin
  • March 22, 2022
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