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Middle class is not determined by income alone. But so called intellectuals tend to deliberately misunderstand it to ...
FloatingLlama
Inflation
There are still few things which doesn’t have steep inflation you
where does the normal inflation hits the middle class few we know
- Medical expense
- Groceries
- Travelling
The question i am asking is why one needs to beat inflation as more is always good but should we always keep our saving 6%^ and grind ourselves in jobs and paycheque increase
14mo ago
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ZoomyMuffin
Stealth14mo
Any economy where the inflation spikes up whenever there is even slight pickup in wages is a shitty economy (Unless there are global macro, war like externalities)
Best example is Brazil: Very poor infra, roads, railways etc are shit. So as soon as people make more money, the supply cannot increase to counter balance, and prices rise super fast.
On a personal level: Monitor which goods are getting expensive and change your consumption mix. Sticking to a budget and shifting to other substitutes helps individually and if followed collectively brings the inflation down.
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