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by deelowe
1926 days ago
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Because we are. Without taking action to curb it, the US will start to see deflation take hold. This is due to an overall aging demographic who are beginning to leave the workforce, an overall increase in savings/investment across the population, lowered rates of consumption, the younger demographic having less children, higher rates of education and on and on. This has already begun to in both Germany and Japan. In the former, they've been able to curb things through government intervention. Japan on the other hand has really struggled. |
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30-40y ago it was not uncommon for a single pension to cover all expenses of:
- food
- car or two
- paying a mortage
- having 4 kids going to school
- other household expenses
- saving up money
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Currently it is not possible. How in such a case do you still think we live in deflation times?
I would rather say that “some things” became cheaper due to technology advancements, but common things inflated so drastically, its literally impossible for young people to start families with sustainable life.