But a huge percentage of Americans are spending all, or approximately all, of their income. (I don't know offhand if it's technically a majority, but if not, th

But a huge percentage of Americans are spending all, or approximately all, of their income. (I don't know offhand if it's technically a majority, but if not, then it's not far under 50%.) And these are the people who are going to be most affected by inflation and other price shocks.