I've watched the numbers in Turkey over the past year, and it's mind-boggling. What I don't understand is: how do people get by?
Lots of Germans have little savings, don't own their home, and have relatively small margins with their income. The ~10% (or maybe 15, if you exclude some of the wonky things that keep them down) are being felt. I cannot imagine how lots of people would get by with 80% or 100% inflation in a year.
How do Turks do it? Are young people moving back in with their parents or getting more room mates? Are they taking on debt, or selling valuables to pay for rent and food? From afar, it looks surprisingly stable. Germans are said (and correctly so, imo) to submit to authority, but I'd expect a lot more action here with the level of inflation Turkey is seeing. Am I just not hearing about the instability it causes, or are Turks just weathering it but aren't rising up yet?
Lots of Germans have little savings, don't own their home, and have relatively small margins with their income. The ~10% (or maybe 15, if you exclude some of the wonky things that keep them down) are being felt. I cannot imagine how lots of people would get by with 80% or 100% inflation in a year.
How do Turks do it? Are young people moving back in with their parents or getting more room mates? Are they taking on debt, or selling valuables to pay for rent and food? From afar, it looks surprisingly stable. Germans are said (and correctly so, imo) to submit to authority, but I'd expect a lot more action here with the level of inflation Turkey is seeing. Am I just not hearing about the instability it causes, or are Turks just weathering it but aren't rising up yet?