COVID didn't cause inflation. Helicopter money did. My liquid net worth almost doubled in the middle of a crisis and my inflation hedge (my house) is worth twice what I bought it for.
The average blue collar person doesn't have the benefits we do and can't play the game. 7.5% "inflation" (if you want to call CPI that) is panic inducing for basically anyone else.
I've taken the amount of cash held in my savings account down to very little and am pushing my usual savings budget into stocks, silver, and crypto. Holding USD seems.... ill-advised.
COVID didn't cause inflation. Helicopter money did. My liquid net worth almost doubled in the middle of a crisis and my inflation hedge (my house) is worth twice what I bought it for.
The average blue collar person doesn't have the benefits we do and can't play the game. 7.5% "inflation" (if you want to call CPI that) is panic inducing for basically anyone else.