You are viewing a single comment's thread from:
RE: Here’s the Inflation – in Stocks, Real Estate, Higher Ed ~ Ryan McMaken … (Death of the Dollar–32) with Link to Full Story
You're right in saying that this has been going on for more than a decade. It's just that in the past 10 years or so, the trend has gained steam and the effects have started to be felt.
And of course, it's the lower classes that will suffer most. They have very little disposable income, so inflation will hurt them more. They may not be able to afford as much food or other essentials. The rich, on the other hand, will always be able to buy plenty of food and plenty of non-essential crap, too.
Yes, it's certainly a coming reality. It's unfortunate. You can see it already, but I think most people solving, or trying to solve the day-to-day seems not to realize that this reality is hitting them.
So true. Most people are completely oblivious, and will probably remain so, even as the economy continues crashing around them.