There is no middle class left because of this. What people call middle class is just lower class with worse purchasing power than anytime in the past. Inflation is covert taxation that lets governments spend even more recklessly. Boomers got overleveraged in homes they can’t sell while prices stay propped up. Gen Z can’t even touch a starter home. Argentina’s peso went worthless and the bread and circus distractions won’t save them forever. This is the boiling frog on steroids.
Hellbound and Down 