return2ozma@lemmy.world to News@lemmy.world · 3 months agoPoll: More than 60% of middle class say they’re ‘struggling financially’ and are not expecting things to turn around for the rest of their liveswww.thehill.comexternal-linkmessage-square43fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkPoll: More than 60% of middle class say they’re ‘struggling financially’ and are not expecting things to turn around for the rest of their liveswww.thehill.comreturn2ozma@lemmy.world to News@lemmy.world · 3 months agomessage-square43fedilink
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up0·3 months agoBut debt is good! Inflation has encouraged everyone to take out loans where they previously couldn’t. Hooray! /s
minus-squareObjectivityIncarnate@lemmy.worldlinkfedilinkarrow-up0arrow-down1·3 months agoA small amount (obviously less than we’ve had recently) of inflation is actually ideal. Deflation incentivizes literal hoarding of cash, instead of spending it on things, which is a very reliable way to bring an economy to a screeching halt.
But debt is good! Inflation has encouraged everyone to take out loans where they previously couldn’t. Hooray!
/s
A small amount (obviously less than we’ve had recently) of inflation is actually ideal. Deflation incentivizes literal hoarding of cash, instead of spending it on things, which is a very reliable way to bring an economy to a screeching halt.