I saw this article at Zero Hedge.com, while searching for Covid material, but this is just as alarming. Food prices are rising at a sky-rocketing rate; out of control the article frankly says. The pension just doesn’t seem to make it any more, however much one cuts back. A neighbour with more wealth than me said to me over the back fence I should stop complaining about the decline in purchasing power, and just tighten the belt even more, until I fall in half! Think of the starving in Africa she said, while cleaning her husband’s BMW.
But, most Australian and American folks do not have any money spare to save at the end of the week, and that is working people. Those on Centrelink and low-paying jobs just struggle to survive, even to get enough food, let alone with inflation.