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So if prices are rising faster than costs, where is the money coming from to pay those prices? Loans? Savings accounts?
by causality0 3y ago
So if prices are rising faster than costs, where is the money coming from to pay those prices? Loans? Savings accounts?
- Finnucane 3y agoDebt. Since wages are generally lagging increases in costs, people are putting more on credit.
- evancox100 3y ago1) Excess savings built up during COVID (part stimulus money, part reduced spending on travel, etc.) 2) "Hot" economy with low unemployment