
The Causes And Effects Of Today's Inflation, With Raghuram Rajan
Capitalisn't
Is Inflation Hurting Lower Income Americans?
80% of stocks are owned by the wealthiest americans. The bottom, say, 50 % of America owns no stocks whatever. And so for all those people who don't own stocks and aren't benefiting from inflation, even if they don't have a bondportfolio or a pension that needs returns from a fixed income portfolio,. That will not be affordable. So i i actually see inflation is hurting lower income Americans far, far more than it helpsand hurting a really broad spectrum of lower incomeAmericans because people don't have stock market wealth.
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