100% this. It’s great that inflation is only 4% now, but the price of nearly everything doubled since 2019, and wages, particularly for middle class and upper middle class have not increased enough. And the modest wage increases for the poor were used to further justify the price increases. And prices never go down, because “deflation=bad”.
But, I will say that greedflation hit worldwide and the USA weathered it better than many other countries.
100% this. It’s great that inflation is only 4% now, but the price of nearly everything doubled since 2019, and wages, particularly for middle class and upper middle class have not increased enough. And the modest wage increases for the poor were used to further justify the price increases. And prices never go down, because “deflation=bad”.
But, I will say that greedflation hit worldwide and the USA weathered it better than many other countries.