Post
Topic
Board Economics
Re: Inflation and it's impact to the common man
by
m2017
on 03/12/2024, 15:25:42 UTC
Inflation involves the increase in price of goods and services in the market
Inflation doesn't mean an increase in the price of goods, but a depreciation of the money required to buy goods, and to compensate for this, sellers "raise" the price (demand more money per unit of goods).

making things unaffordable to the common
By making fewer goods available to ordinary people on the same income.

Inflation is really affecting the common man
Inflation affects "difficult" people in the same way. All world money is subject to inflation, which means it affects everyone, without sorting into rich and poor. The only difference is that the poor feel this effect most painfully.

high inflation rate is really a Thorn in the flesh of the common man
Inflation is an integral part of the world economy, which cannot be eliminated in the current financial model and you can endlessly complain about it, but nothing will change. You need to accept these rules of the game and take inflation into account in your financial plans.