What Would Make You Care About the Negative Effects of Inflation?

It’s a typical thing when the economy grows, but it’s bad. Imagine going to a local grocery store to buy something for $10 which you used to get for $5 which your grandfather used to get for $2. Say a pack of batteries or some apples? Meet inflation.

People all over the United States are facing this issue. That’s 331.9 million people and counting! That’s a whole country’s people facing an economic crisis which could end up wrecking the nation by throwing it into a recession. And a recession means homelessness, depression, political issues, etc.

But why would you care if you’re going steady economically right now? Which reason would make you care? There are thousands of reasons why you may not care. Be that as it may, you should care about this economic crisis because you are the one being affected by inflation, some time or the other! The consumers are affected, and consumers mean you! Isn’t that just obnoxious? Think of what your future generation would be like? Why pay more for something worth less?! What Would Make You Care About The Negative Effects Of Inflation?

“The overall consumer price index (CPI) increased by 7.7% over the past 12 months (October 2021- October 2022).”

Shocking! Why people should care about inflation you ask? Well here’s proof: The CPI. The CPI means the Consumer Price Index, and it measures the inflation in the economy. The lower the CPI rate, the better the economy. And with the current rise, the inflation and the economy are almost at a crisis point.  But really, why should you care? Because you are the one being affected, since you are the consumer, and because prices are going up, you’d have to pay more for things you want to buy. If the CPI rates go higher, that could indicate that the market could go into recession, which is overall bad for consumers! Consumers like YOU.

“49% of middle-income, 61% of low-income, and 43% of high-income individuals are worse off financially this year.”

As an average that would be 51% of the US population. That is millions of people. And the big reason behind this: Inflation! An ideal consumer, just like you of any class, people would not like this to happen. Do you want to be worse off financially? Do you care for your future and what will happen. You may not, but would the statistics make you care, sooner or later? I hope so.

“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” -40th POTUS of the US: Ronald Reagan

Previous President Ronald Reagan came to office during poor economic times, when the country was facing stagflation (high rates of inflation along with lots of people losing their jobs), and really helped to boost the country’s economy. And even though he is no “finance geek”, he still is the president who controlled the country from 1981-1989 and brought it out of the economic depression. His words may be very descriptive and tormenting, but they are very valuable because what he says is exactly what inflation is. Inflation can rob people and throw them homeless on the streets, mug all a person owns, and eventually kill them (starvation, debt, suicide, health, etc.). Now if you won’t trust or listen to the president that the whole country, even you supported, who will you? Would the experts even make you care?