Economy

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Inflation has cooled a lot. So why do things still feel so expensive? (text.npr.org)

submitted 9 months ago by SapphireVelvet84839@lemmynsfw.com to c/economy@lemmy.world

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[–] Klicnik@sh.itjust.works 8 points 9 months ago* (last edited 9 months ago) (1 children)

Even the articles that try to explain it an understanding, but "deflation is bad for the economy" way still feel out of touch. "It's okay for you to struggle to buy food and pay rent because the opposite would be bad for the economy."

Edit: The promise of wages maybe rising someday to match higher costs haven't happened for me or anyone I know yet. The federal minimum wage hasn't increased to match inflation either.

[–] seaQueue@lemmy.world 5 points 9 months ago

Just replace "the economy" with "rich people's money" and you'll unlock the hidden meaning of those statements.