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this post was submitted on 22 Jul 2023
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While we’re discussing reading comprehension, I actually made an argument as to why the poor are especially, universally, affected more by inflation.
You can’t just counter the conclusion without countering the argument. How is what I described not something that’s always operating anywhere inflation is happening?
Because you failed to understand my argument. I did address your concern above.
Your argument is that because poor people don’t have savings, they don’t get affected by inflation.
No, my argument is that people with savings are effected more by inflation specifically, but of course due to low coping capacity poor people are more effected by any negative economic situation. However if you have no savings, but a relatively stable inflation adjusted income, then inflation does not effect you much.