A staggering 80% of American households are financially worse off than they were before COVID-19
A staggering 80% of American households are financially worse off than they were before COVID-19
Only the richest 20% have held onto their COVID savings.
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I don't think printing money and handing it out helped. But I'm some sort of pariah for pointing out that it may have something to do with inflation.
I'm surprised more people aren't charmed by the regurgitated WSJ™ propaganalysis and smug victim act.
Evidence shows the government stimulus contributed to only a small portion of the inflation, and the largest portion stemmed from companies using inflation as an excuse to raise prices. I mean, have you looked at individual candy bar prices? They went from under $2 each to over $3 within the last 24 months! Individual soda bottles are getting close to $3 each as well, and don't get me started on the cost of bags of chips. These are discretionary items and treats that saw a significant jump in price very recently that was far larger than inflation. I'm pretty frugal and my regular bi-weekly(ish) grocery bill has grown from ~$70 to ~$110 in the same period, a growth rate about inline with inflation, but when you look at individual items prices you can see a clear predatory "inflation adjustment"
Why is has inflation been worse than in the US in other developed countries that did not "print money" then?
Why has inflation been worse in other developed countries that did not "print money" then?