Inflation actually disproportionately affects the poor. They don’t have assets which scale with inflation like property, equities, or bonds. Meanwhile their re

Inflation actually disproportionately affects the poor. They don’t have assets which scale with inflation like property, equities, or bonds. Meanwhile their rent and basic cost of living increases and wages don’t always increase to compensate. As property and wealth building assets appreciate, the lower class has an even larger barrier to financial independence. The goal here for congress and the fed seems to be propping up the insanely overheated markets rather than assisting the poor. Kicking the can down the road isn’t a good long term strategy and we’ve been running on empty since ‘08.