by Michael
People often wonder why I get so upset about inflation. Well, the truth is that there are many reasons, but one of the big ones is because it destroys the middle class.
This has been true for a long time, but here in 2022 prices are rising at a far faster rate than most of our paychecks are. That means that our standard of living is steadily going down. It is taking more out of our incomes to pay for essentials such as housing, food and gasoline, and that is leaving a lot less money for other things.
Of course there are many Americans that are going into tremendous amounts of debt in order to maintain the standard of living that they are currently enjoying. But going into debt only brings more pain in the long run. (Read More…)
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