>And if you look at the basic things that they can afford to buy, they have inflated over the last 20 years more rapidly than the CPI. So they’re worse off. Th

>And if you look at the basic things that they can afford to buy, they have inflated over the last 20 years more rapidly than the CPI. So they’re worse off. This is an unsatisfying explanation. By his own admission these factors has been happening for the past two decades, but the divergence between consumer expectations and "fundamentals" only really happened post pandemic: https://archive.is/ry4YC https://archive.is/ry4YC https://archive.is/yiT52 https://archive.is/yiT52