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What Does That Mean to You?
When i grew up, i never understood what inflation even meant. They didn't teach this to me in school. It really wasn't a thing that i learned. I just heard it and knew that people were worried about the cost of things creasing. Can you explain what that actually means to us? For someone who's making 70 thousand dollars a year in the middle west, what does that mean? Well, to them, ah, buying power is what matters, right? And so what happens is, when inflation goes up faster than your other sources of income, you lose bying power. So we're seeing a time now where you're going to lose buying power to inflation.