[WarmWash]

Almost everyone lifestyle ratchets, so the handful that actually downgrade their living rather than increase spending would be tiny.

This part of a wider trend too, where economic stats don't align with what people are saying. Which is most likley explained by the economic anomaly of the pandemic skewing peoples perceptions.

[twoodfin]

We have centuries of historical evidence that people really, really don’t like high inflation, and it takes a while & a lot of turmoil for those shocks to work their way through society.