• 0 Posts
  • 21 Comments
Joined 1 year ago
cake
Cake day: June 9th, 2023

help-circle







  • I mean, sure, we can say it’s corporate greed, but also we’ve put over a trillion dollars extra into the economy in a short span due to COVID and Build Back Better, while at the same time there were supply shortages for years, plus record low unemployment causing a raising of wages, all without the fed reacting quick enough by increasing interest rates sooner. We’ve got every textbook condition for an increase in inflation rates.




  • popcap200@lemmy.mltoLemmy Shitpost@lemmy.worldTipping culture npcs
    link
    fedilink
    arrow-up
    7
    arrow-down
    1
    ·
    9 months ago

    I mean, that feels like common sense to me. I have less money than I had last year, so my girlfriend and I eat out less, I buy less video games, I buy more chicken and less beef, I buy less alcohol, etc. etc. It’s just a reality of inflation.

    We avoided the recession, the result is inflation is destroying our wallets, so we have to spend less to still pay our bills.