I see a lot of people endlessly repeating that prices have gone up, for example:
10 years ago, one could live comfortably, everything was actually value low and things were very affordable for the common man but currently, I don't think so due to inflation.
Inflation has the upper hand. The amount it’ll cost you to purchase something about 10 years ago isn’t the same as what it will cost today.
And we don't talk about the salary increases during these 10 years? The 2010-20 period was low inflation, and from COVID in 2020 it was exacerbated, but what usually happens with inflation is that not only do prices go up, salaries also go up. What happens is that they tend to rise after prices and not in all cases compensate for the rise in the cost of living, so today everything is more expensive, but let's not just talk about inflation as if it were the only thing that happens.
Now to keep spending most people are pulling savings, or worse, going into debt, which is one of the worst things you can do for your finances going into debt to pay for consumption, like going on vacation. A few have jobs that have raised their salaries above inflation or have found ways to beat it with other income sources.