Yet, people are spending like drunken sailors. Personal savings are way down. And we wonder: why inflation? LOL
They are spending more because everything costs more.
Savings are down because people need the money to pay for the higher priced things.
Credit cards are maxed out - because their wages can’t keep up with expenses.
Their rent and utilities cost more; interest rates are higher, so it cost more to buy on credit.
By all means - TELL voters they’re wrong and they’re actually doing great.
So many are living paycheck to paycheck. That means your investment chastisements pretty much fall on deaf ears.
You can count yourself right among the elite snobs dismissing inflation because it doesn’t affect their lifestyle. You can go ahead and believe that for no reason at all, people think their personal finances have taken a hit - that they’re all delusional and circumstances of the last several years had nothing to do with it.
As my Dad used to say, wish in one hand, sht in the other - see which fills first. You need to step out of your bubble.