Re:Consumer Prices in U.S. Increase by Most Since 2009
by ethbr0 on Wednesday May 12, 2021 @01:39PM
(#27133001)
It's a fair point. But on the other hand, we had substantially depressed demand in a lot of industries for a year+ due to the pandemic.
And while some of that money found alternate outlets (home improvement, streaming services [0]), the uptick in savings indicated a lot of it pooled [1], and the postponed evictions and rent / loan payments resulted in delayed debt obligations (which are difficult to find numbers on, in total?).
And while some of that money found alternate outlets (home improvement, streaming services [0]), the uptick in savings indicated a lot of it pooled [1], and the postponed evictions and rent / loan payments resulted in delayed debt obligations (which are difficult to find numbers on, in total?).
So as usual, arrows pointing both ways.
[0] https://www.familyhandyman.com/article/home-improvement-spen...
[1] https://fred.stlouisfed.org/graph/?g=DXqc (2019-2021 savings rate)