How to respond to the following? a) Inflation affects everything the food the people buy to feed
Question:
How to respond to the following?
a) Inflation affects everything the food the people buy to feed their family to the gas they use to go to work. Inflation makes it harder to provide the basic needs of a family by raising cost of all products and services for the public.
b) The most effected are the lower class, people in this class live paycheck to paycheck, and with the cost of living increasing without wages increasing makes it very difficult for people in the lower class to even survive and provide even the basics of needs for their family.
c) You can't protect yourself from inflation, sure you might keep it at bay by having some money in a savings account, but that will only last so long. Eventually it will catch up with you and you will be affected just like everybody else