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How does inflation correlate with more savings vs more spendings? (lemmy.nz)

submitted 11 months ago by [email protected] to c/[email protected]

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A recent article: https://www.stuff.co.nz/business/money/301022706/prepare-to-find-another-70-a-week-to-get-by-in-2024-asb

says: ..if households decided the worst was over and started to feel more confident about spending, it could push up inflation

But I thought it was the opposite;

More spending means more demand means more supply, which means production costs go down (due to economies of scale)… so inflation goes down?

But saving means less spending, means less demand, means less income for business, means costs go up.. so inflation would rise?

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[–] [email protected] 2 points 11 months ago

Does everyone in NZ get a basic monthly income?

There are a few countries out there that do statistics and reference their salary on a yearly cycle, the US included. Most cointries express the avarage salary on a monthly basis. We don't think in terms how much do I make in a year, we think in terms of how much do I make in month cuz... well, we don't get yearly paychecks, we get monthly paychecks. It's just easier.