Inflation
There are still few things which doesn’t have steep inflation you
where does the normal inflation hits the middle class few we know
- Medical expense
- Groceries
- Travelling
The question i am asking is why one needs to beat inflation as more is always good but should we always keep our saving 6%^ and grind ourselves in jobs and paycheque increase
Talking product sense with Ridhi
9 min AI interview5 questions
Any economy where the inflation spikes up whenever there is even slight pickup in wages is a shitty economy (Unless there are global macro, war like externalities)
Best example is Brazil: Very poor infra, roads, railways etc are shit. So as soon as people make more money, the supply cannot increase to counter balance, and prices rise super fast.
On a personal level: Monitor which goods are getting expensive and change your consumption mix. Sticking to a budget and shifting to other substitutes helps individually and if followed collectively brings the inflation down.