> my understanding is that for the poor person, inflation is only part of the picture: wage growth is the rest. Depending on how you define "wage", there might

> my understanding is that for the poor person, inflation is only part of the picture: wage growth is the rest. Depending on how you define "wage", there might be a 3rd category as well: government-provided benefits. E.g., social security, food stamps, tax credits, etc. My impression (very well could be wrong) is that there's often a lag between true inflation and adjustments to those benefits.