Prices skyrocket for middle class goods and services.
from My Budget 360
Inflation is rarely discussed in the mainstream press. Most people wake up every day and simply believe that prices go up as a natural state. These deeply held assumptions usually crack when new revelations happen like centuries ago with new scientific discoveries showing that our planet is not the center of the universe. Yet somehow people hold on tightly refusing to acknowledge that inflation is caused directly by banks, governments, and central banks. It is interesting to look at inflation data over a 20 year period, form 1996 to 2016. What you will find in the data is that prices are soaring in the items people need, especially those items to enter into the middle class. Since wages are not keeping up, it is no surprise then that the middle class over this time has shrank into a minority class.