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Who are the 7% not worried about inflation?
People who are hundreds of millions or billions of dollars in debt, I guess? They don’t really understand that this isn’t going to be good for them. Wall Street itself is going to end up losing. Some of them will be able to escape with cryptocurrency and property in New Zealand, maybe figure out a way to move large amounts of gold bullion to underground vaults in New Zealand (though this is virtually impossible to do legally).
A whopping 93% of American voters are “concerned” with the level of inflation, and slightly more than half fear the economy will only get worse a year from now, according to a poll released on Sunday.
The 93% is an increase of six percentage points from May, and includes 67% who are “extremely” and 25% who are “very” concerned about inflation that hit 9.1% in June, a Fox News survey showed.
Asked about their economic outlook, 52% of voters predicted it would get worse over the next year – split evenly between the 26% who said it will get “a little” and “a lot” worse. Some 42%, meanwhile, foresaw the economy becoming “better.”
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The poll also found that 75% of voters said that inflation has caused them financial hardship over the past six months — up from 67% in December.
Fifty-two percent have altered their travel plans because of gas prices, and 70% have cut back on other spending to afford necessities.
The price rises are becoming exponential, and I mean that in the correct way. People use “exponential” like they use “literally” – I know that and I am not a grammar Nazi and obviously I am a big supporter of using “literally” in the reddit way because of triple-layer irony.
But no, really – it is literally exponential.
12-month percentage change, CPI, June 2022. pic.twitter.com/OhV0xvOmrn
— Farm Policy (@FarmPolicy) July 13, 2022
Also, apparently, people have used “exponential” wrong for so long that now the wrong usage is an official definition.
Literally.
