Why inflation can actually be good for everyday Americans and bad for rich people

Thank you for clarifying. Now can you show how the quality of life increased for workers due to inflation? A higher dollar amount on their checks can still be considered a pay cut.

 

That's why real wage metrics exists. They account for inflation. Not just pure dollar amounts.

 

I am still waiting for how this is "good" for workers. Living in Los Angeles, it is much worse.

https://www.cnbc.com/2021/11/10/inf...the-wage-gains-for-workers-and-then-some.html

 

That's Right!

It's Good For You, Peasant!​

 

When I am spending more at the grocery store for less, I am not really feeling happy about inflation. What an out-of-touch article echoed by an out-of-touch thread.

 

yep, agree, for homeowners inflation is great

 

Inflation is the rate at which the value of a currency is falling and, consequently, the general level of prices for goods and services is rising. The decline of purchasing power.

 

It only reveals the dishonesty behind the claim of concern for poor and working class.

 

Inflation can be good for debtors. Payback is in cheaper dollars but that assumes the debtor increases income to make up the difference. Inflation is bad for everything else. It is overwhelmingly bad.

 

Hooray!

2021 inflation highest in 40 years, December prices rise 7% ...
https://www.washingtonpost.com › business › 2022/01/12
49 minutes ago — Officials within the Fed and Biden administration expect high inflation will persist through much of 2022.

Inflation rises 7% over the past year, highest since 1982
PUBLISHED WED, JAN 12 20228:31 AM ESTUPDATED 9 MIN AGO
https://www.cnbc.com/2022/01/12/cpi-december-2021-.html

Great success!

 

Americans Drowning In Long-Term Credit Card Debt. “According to an Aug. 30 report from the Federal Reserve Bank of New York, credit card balances increased by $46 billion from last year, becoming the second-biggest source of overall debt last quarter.”

'We’re spending more, getting less, and racking up unsustainable credit card balances in the process.'

Working and Middle Class Americans CRUSHED by Biden and the Dems inflation.

 

Long Term CC debt, that started with Trump. He's the King of Debt.

 

You guys deserve to lose just for trying to insult us with this 'good' inflation crap.

It’s Like Biden Is Trying to Be the Dems’ November Albatross. “The Democrats’ late-summer flashes of optimism are now yielding to the harshest reality they’ll have to face this fall: their candidates can’t run away from Joe Biden.”

DEMS OWN BIDEN




'Biden’s recent appearance on 60 Minutes was filled with “drunk, crazy uncle” moments, like his bizarro spin on the crippling inflation that he’s responsible for.'

INFLATION IS THE CRUSHING BURDEN THAT CAUSES COLLAPSE.

'Democrats’ comfortable leads in Arizona and Pennsylvania are evaporating. The latest poll from Trafalgar Group shows incumbent Senator Mark Kelly (D-Ariz.) is now clinging to a 1.2% advantage over Republican challenger Blake Masters. In the Arizona gubernatorial race, Trafalgar shows Republican Kari Lake with more than a four-point lead over the Democrat challenger. It is hard to believe Lake does not have coattails sufficient to push Masters over the line.'

'Trafalgar shows the Pennsylvania Senate race is neck and neck between Democrat John Fetterman and Republican Dr. Mehmet Oz. Fetterman increased his public events, and voters are starting to see how badly a stroke earlier in the campaign cycle impaired his communication ability. Recent interviews also displayed some of Fetterman’s more radical policies, like support for releasing one-third of Pennsylvania inmates. His once double-digit lead is gone.'

 

Fake News: Run your finger over the line below, note when Diaper Joe was sworn in:

​

It's weird how you guys think you can assert things that are the complete opposite of reality and expect anyone to believe it.

49 days, and the voters will weigh in with their verdict on Biden and the Dems.

 

Are you in denial that Trump is the King of Debt and LONG TERM means what to your fake news?

 

Unlike some, I'm not Trump obsessed and I don't make every topic about Trump.

Americans Drowning In Long-Term Credit Card Debt. “According to an Aug. 30 report from the Federal Reserve Bank of New York, credit card balances increased by $46 billion from last year, becoming the second-biggest source of overall debt last quarter.”

'We’re spending more, getting less, and racking up unsustainable credit card balances in the process.'

Biden and some of the Dems have really screwed the American Worker.



US consumer debt was dropping nicely until the Dems screwed up with their destructive $Trillion dollar giveaway that paid workers to sit home and not produce after it was time for them to return to work.

Remember when Biden creepy whisper-voiced that his funding of a general strike against hard hit employers would raise real wages? He lied, real wages have FALLEN under Biden and the Dems.

 

Fake news, inflation is world wide, and, Trump is the King of Debt and CC debt was from long term 6 years ago. So, again, fake news.

 

Under Biden and the Dems Americans Are Drowning In Credit Card Debt.

“According to an Aug. 30 report from the Federal Reserve Bank of New York, credit card balances increased by $46 billion from last year, becoming the second-biggest source of overall debt last quarter.”

'We’re spending more, getting less, and racking up unsustainable credit card balances in the process.'



Everything Sucks Worse Under Biden and the Dems

According' to an Aug. 30 report from the Federal Reserve Bank of New York, credit card balances increased by $46 billion from last year, becoming the second-biggest source of overall debt last quarter.'

No six years ago, LAST YEAR.



BIDEN AND THE DEMS INFLATION IS DESTROYING THE HOUSEHOLD BUDGET.

'About a quarter of respondents said day-to-day expenses are the primary reason why they carry a balance. Almost half cite an emergency or unexpected expense, including medical bills and home or car repair.'

'Total consumer debt rose $23.8 billion in July to a record $4.64 trillion, according to data from the Federal Reserve'. -Bloomberg

How come all the records set by Biden and the Dems are records that make things suck even more for hard working Americans?

 

Still the same fake news, inflation is world wide, and, Trump STILL is the King of Debt and CC debt was from long term 6 years ago UNDER TRUMP. So, again, rinse and repeat fake news.

 

SELL THE VOTERS. BIDEN APPROVAL ON THE ECONOMY IS 38%

https://www.realclearpolitics.com/epolls/other/president_biden_job_approval_economy-7321.html#!

 

More desperate news spun to hurt Joe, he's got this, hands down! Inflation is WORLDWIDE.

 

Thanks for confirming that conditions really suck in the US. We hold the world's reserve currency and were the world's largest energy supplier, Biden and the Dems didn't just screw up America, they screwed up the world!

 

So what? You think people struggling to maintain their lifestyle care about that? As one of the world's largest economies and the fact that most world commerce is done in US dollars the argument can be made that we're driving the world wide inflation, NOT a victim of it.

 

Inflation is worldwide as a result of spuuly chain shortages due to the pandemic which occured under Trump and was mishandled by Trump.

If they can think critically and avoid the partisan smearing and fear mongering, they will easily see the steady hand at the helm.

 

Yeah, that's worked so well up to now