Most folks are in mortgage and consumer debt and have little wealth. Higher inflation mostly impacts people with wealth.
Look at what’s happening now. Lower income folks are getting life changing payments of just a few thousand dollars in the US that is causing increase in services costs.
Most folks are in mortgage and consumer debt and have little wealth. Higher inflation mostly impacts people with wealth.
Look at what’s happening now. Lower income folks are getting life changing payments of just a few thousand dollars in the US that is causing increase in services costs.