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submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

The popular idea that prices should fall to previous lows gives most economists chills. Deflation is bad for everyone, they say.

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[-] SkepticalButOpenMinded@lemmy.ca 1 points 1 year ago

Poor people have tons of debt. Student loans, credit cards, car loans, rent-to-own furniture/appliances, pay day loans, medical debt in the US and recently installment purchases online. A lot of these are definitely extended to poor and lower middle class people.

this post was submitted on 21 Sep 2023
16 points (76.7% liked)

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