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How come we experience so much more inflation than deflation? in other words, why does our buying power decrease far more often than it increases? (lemmy.dbzer0.com)
submitted 3 years ago by to c/asklemmy@lemmy.ml
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[–] 1 point 3 years ago (2 children)

Because you failed to understand my argument. I did address your concern above.

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  • [–] 1 point 3 years ago (1 child)

    Your argument is that because poor people don’t have savings, they don’t get affected by inflation.

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  • [–] 1 point 3 years ago

    No, my argument is that people with savings are effected more by inflation specifically, but of course due to low coping capacity poor people are more effected by any negative economic situation. However if you have no savings, but a relatively stable inflation adjusted income, then inflation does not effect you much.

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