Yes. It just has a different name (SNAP) today.
8 Likes
Yes. They are longer than ever. Food pantries are seeing double or more the number of families needing food.
5 Likes
Agree.
Sorry GoofyHoofy, but maybe you are falling victim to the common culprit among those more well to-do: we are surrounded by similar people in similar financial situations. If I hang around with my friend who owns a nice house on the lake with his boat docked there and has NFL season tickets and life is fairly comfortable…well the world seems peachy out there in the middle of the lake without a care in the world.
Yet almost every time I go to the gym, I pass a Loaves and Fishes food pantry line and the cars are lined up for blocks and blocks. I never noticed this a year or two ago…just in past 18 months it has accelerated.
Even the example of the father buying a house for 100k and selling for 600k, which is 6x for those like me with public school math. Yet his earnings went from $75k to $125k…not quite 2x. That completely proves my point. Goods are up 40% in past 13 years or so. It was fairly stable for the previous 10, and the last 3 have just piled on. Wages have gone up, sure…but in no way are they in lockstep with auto and home prices.
Don’t get me started on college costs, and subsequent loans.
How about auto insurance, due largely to the sky-rocketing costs of autos (which would have to be repaired/replaced in accidents)?
People unaffected by inflation are in a good spot, and good for them. They are not the majority.
Dreamer
6 Likes
Inflation is having a dramatically bad affect on the moral of lower wage earners.
The question is do we want a capital policy or an industrial policy to solve these problems.
There is now talk of a supply side economics that is not a capital policy but an industrial policy. It is lie based policy making.
