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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 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 1 year ago

You have a point but how much cash are we talking about? If you have $10k-$20k sitting around in a chequing account that's only $200-$400 you are losing to inflation. Things like the earned income tax credit would give you back like $500-$8000. They may not seem super related but in general it's easier to compensate those lower income folks for inflation than trying to change the inflation target.