

Where’d My Money Go?
9 snips Jun 12, 2025
The discussion sheds light on the recent surge in inflation and its uneven impact on different demographics. Economists reveal how inflation can create winners and losers, often burdening lower-income households while wealthier individuals thrive. The podcast critiques the simplistic narratives surrounding inflation causes, citing historical lessons and global influences. It emphasizes the need for a nuanced understanding of wage growth amidst rising prices and the systemic factors that could lead to future inflationary challenges.
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Inflation Defined and Perceived
- Inflation is a general rise in all prices, not just specific items like houses or gasoline.
- Economists focus on the inflation rate, while people notice the overall price level increase, explaining the perception gap.
Inflation Measures vs. Reality
- Official inflation measures exclude volatile items like food and fuel, skewing public perception.
- Those in lower income brackets feel inflation more because they spend more on these excluded essentials.
Who Wins and Loses Inflation?
- Inflation does not affect everyone equally; lower-income people spend a larger share of income on consumption.
- High-income earners often own assets and mortgages, making them inflation winners, while those renting and buying basics lose.