> In this case, extreme levels of COVID-related fiscal and monetary stimulus pumped money into households and investment markets, contributing to inflation and driving speculation in financial assets
This is common wisdom but I wonder how true it is. A majority of Americans live paycheck to paycheck [1] so it stands to reason the stimulus paid about a month's rent and groceries. I'm having trouble understanding how this stimulus is responsible for today's inflation.
[1] What percent of Americans live paycheck to paycheck?
This is common wisdom but I wonder how true it is. A majority of Americans live paycheck to paycheck [1] so it stands to reason the stimulus paid about a month's rent and groceries. I'm having trouble understanding how this stimulus is responsible for today's inflation.
[1] What percent of Americans live paycheck to paycheck?
https://www.google.com/search?q=what+percent+of+american+liv...