"Let them eat cake". (B/M)illionare CEOs reactions to inflation

[ygolo]

Are you still in the middle class?

It’s hard to turn on the news without seeing a report about how inflation is battering the American middle class. Census Bureau data show about a quarter o

www.consumeraffairs.com

Inflation is different from cost-of-living, and nobody is comparing it against wages.

As I keep harping, CPI is a horrible metric. What we really need to track is how much a median hour of work will get you -- especially in terms of physiological needs - food, shelter, etc.

I realize that the USA has done better than the other countries with regard to the cost of living crisis. But the patterns prevail:
1) People on the wrong side of the divide keep being told that the cost of living crisis isn't real
2) The cost of shelter is not making the political and media talking points, other than in passing-it's politically divisive on both sides of the aisle.

Scratch a little on why Biden is losing demographics that ought to be strengths. Yes- people are sick of the identity politics, but what would they rather be talking about?

 

[ygolo]

5 Things the Lower Middle Class Can’t Afford Anymore Due To Inflation - New Trader U

The financial landscape for the lower middle class within the $30,001 – $58,020 income bracket has recently been marked by significant shifts, making

www.newtraderu.com