The prices in the world show's exacly that people are very rich.
If nobody can't afford paying those prices then prices will fall If prices are so high it means people can afford.
But it's shame that anyone tell they don't have money to spend or buy expensive things becouse high prices show's what's the new Normal.
New Normal is WEALTH look at the rent prices even not good locations ...lol they are extremly expensive.
Everything show's that people are very rich and all have good jobs and a lot money in bank accounts.
The new Normal is to be very wealthy and it's shame to tell others you don't have money nobody don't belive you they think you joking becouse it's impossible to live in this world like this If you don't have money.
Finally the world is rich
The high prices for sure don't dictates if the world is rich or everybody is rich, Inflation on the other hand measures how quickly the prices of goods and services are rising and those with tangible assets, like property or stocked commodities, may likely to see some inflation as that raises the value of their assets. However, the demand for goods and services signifies the consumer's need, willingness, labour, ang also the ability to buy a certain product or particular needs. Supply then refers to the production capacity of distributor and also manufacturers, may I add entrepreneurs for contributing a major cause in economic system.
The world is always rich if were about to talk to natural resources and such, but not everyone is rich. If you look closer to remote areas or countries with bad governance, corrupts countries to be on point. Those who's residing in a country like that most likely to state that they don't have money, plus before the new normal, global poverty reduction project was dealt a severe blow by the COVID-19 pandemic as all countries focus on the pandemic, causing three years of lost progress. Climate change is also hindering poverty reduction and a major threat to lives and livelihood of most vulnerable to climate-related risk
While life is very random some have the advantage for the new normal but there are some that dont.