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I know plenty of folks who this describes? FAANG workers who got in at 20, no kids, own homes and have hundreds of thousands in the bank.

• yunohn 4y ago
  Plenty == affect the global/USA economy? Have you considered you live in a bubble? FAANG don’t even employ enough people for this to make a dent on anything other than housing prices in FAANG commute localities.
  • trgn 4y ago
    The FAANG example was exaggerated, but the core point still stands. Across the board, labor in US has seen sharp income increases the last couple years, and families have had elevated savings rate for a lot longer. Plus, nobody was spending anything in the beginning of COVID. That latent spending power of households is now being deployed, and huge contributor to inflation.
    • rightbyte 4y ago
      I don't see how Covid savings would increase the price of butter and meat really. Inflation is all over the board and escalated in January (?).
      • slaw 4y ago
        It is just Fed printing money like there is no tomorrow.