poor people spend a higher percent of their income on gas, grocery, and rent. All the things being inflated. their wages aren’t keeping up either

so no you’re wrong. actually half the reason we’re in this mess is the fed was being too woke trying to lower unemployment rate for ”marginalized” groups not because they were favoring the rich

plus the fed raising rates is destroying asset prices, which are held by the rich. in fact elon and bezos etc have lost double digit percents of their net worth