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Inflation affects the poor much more than it does the rich. Rich people just spend more on their necessities, their living standard doesn't change, since they
by engineer_22 5y ago
Inflation affects the poor much more than it does the rich. Rich people just spend more on their necessities, their living standard doesn't change, since they have assets to dip into.
OTOH poor people have to make tough choices with limited income, and meager savings. Sometimes this means paying rent instead of buying food. Fix the car to get to work, instead of buying school clothes for their children.
You should really examine your framing of the situation.