With sharp increases to the price of goods and services, where’s all this extra money I’m spending going?

Question

Don’t try to tell me my wages are sharply increasing either, because they’re not! Nor are my friends, family, or neighbors.

In: 113

Answer 1

As others have said it’s all about economics. Supply and demand should be in balance but it’s always subject to outside forces. Now things like taxes and interest rates will be used over the next number of years by the government to try force everything to a normal growth rate ( not out of control inflation). In short, we are talking about 5-10 years before we recover to pre COVID times.