At some point the gaslighting can't hide that an hours work nets you less and less, and the savings you had nets you less and less, you don't even need to be literate to understand that, you have to be pretty insolated/earn a pretty high income to not feel that and perhaps these economists are in that minority

For sure cash savers are taking the pain and it in a way it pays to be in debt instead and servicing it with your future income instead, but how many people can sustain something like that? Not many, most of us are taught to save some for a rainy day and you rainy day fund however big or small gets pillaged

Lol when I see takes like this it always reminds me of the saying the plumbers taps are always the one that leaks. I guess the new saying should be the economists theories are always the ones that don't reflect economic reality

One thing I am thinking about from this is If wages kept up with inflation I don't think it really makes inflation less impactful, would it result in more people saving or more people spending? We simply don't know