How Does Inflation Affect Middle-Class Purchasing Power Over Time?
Hey everyone,
I’ve been reading about inflation rates and how they impact different income groups, but I’m curious about the long-term effects specifically on the middle class. While wages do tend to rise over time, it often feels like the cost of living (housing, food, healthcare) increases at a faster rate.
Are there specific economic indicators or trends that show whether middle-class purchasing power is actually improving or declining over the last few decades? And do policies like minimum wage increases or tax cuts effectively counteract inflation’s impact on this group?
Looking forward to hearing your insights! sprunki phase 5