83% of Americans Are Belt Tightening Due to Inflation Pressures

Re:83% of Americans Are Belt Tightening Due to Inflation Pre... by blacksqr on Wednesday May 26, 2021 @02:34PM (#27294339)

Yes but the article explicitly states that the vast majority of consumers don't have more cash to spend. So the cause of the inflation must be something else.

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Re:83% of Americans Are Belt Tightening Due to Inflation Pre... by new_realist on Wednesday May 26, 2021 @02:41PM (#27294427)

Yes, it is caused by something else: the 28% of consumers who do have more cash to spend.

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Re:83% of Americans Are Belt Tightening Due to Inflation Pre... by machinebun on Wednesday May 26, 2021 @04:22PM (#27295604)

Them having the cash doesn't necessarily mean they spent it; plus, they could have spent it on deleveraging their debts (and not on consumption).

I tend to agree that all the inflation we are seeing right now is supply chain related (with the one exception of graphics cards - the liquidity injected into the system probably made price of crypto go up which accelerated the demand for GPUs, so the GPU issue is both a supply problem & demand problem)

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Re:83% of Americans Are Belt Tightening Due to Inflation Pre... by sjg007 on Wednesday May 26, 2021 @03:06PM (#27294724)

That's not enough to move the needle. I think we are seeing "inflation" due to short term supply chain stop and restart.

As incomes are still fixed and there are cheaper substitutes for almost everything you want to eat people will modify and reduce.

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Re:83% of Americans Are Belt Tightening Due to Inflation Pre... by blacksqr on Wednesday May 26, 2021 @02:50PM (#27294528)

Then the solution is simple: tax the rich.

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