Even people who use those words on TV usually don’t know what they mean, or at least use zero context.
Yes, inflation is low now. But also, if inflation is 2% and your wages go up by 0%, you are still worse off than if inflation is 5% and your wage goes up 5%.
But also, inflation is not a full cost of living measurement, some things aren’t counted or aren’t properly counted etc. Because of some accounting gimmick, healthcare inflation was negative in 2022, even tho individuals paid more for healthcare in 2022 than in 2021. Also, Biden ended a shitton of pandemic-era welfare programs, if inflation is 0% and you lose a government benefit worth $200 per month, you are still worse off.
Even people who use those words on TV usually don’t know what they mean, or at least use zero context.
Yes, inflation is low now. But also, if inflation is 2% and your wages go up by 0%, you are still worse off than if inflation is 5% and your wage goes up 5%.
But also, inflation is not a full cost of living measurement, some things aren’t counted or aren’t properly counted etc. Because of some accounting gimmick, healthcare inflation was negative in 2022, even tho individuals paid more for healthcare in 2022 than in 2021. Also, Biden ended a shitton of pandemic-era welfare programs, if inflation is 0% and you lose a government benefit worth $200 per month, you are still worse off.