Reply to Can someone explain to me why we have such high inflation now?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]“ Understanding the CARES Act
At $2.2 trillion, the CARES Act stands as the largest financial rescue package in U.S. history. The 2009 Recovery Act was $831 billion, the Consolidated Appropriations Act (CAA) was $910 billion, and the American Rescue Plan Act (ARPA) comes closest at $1.9 trillion.”[/quote]

+1 add onto that all the money that some people actually saved during the shutdown. For many, like me, had no commuting/office costs, childcare costs, gas, kids activities, etc. I didn’t qualify for any cares act cash, but I saved hundreds a month by everything shutting down. Once everything opened, we entered the world with a lot of disposable savings looking to buy vacations and things we’ve put off, which for me is furniture and a new car[/quote]

This describes us too, but I’m still not going to pay $55k for a car that was $40k 2 years ago. Why are people so willing to pay these exorbitant prices, just because they have a little extra money? [/quo

Some have no choice, because they must buy what they need, some of these things are necessities.  Others are conditioned to think it's the new normal and wont' be waiting for prices to drop.  Sort of like gas, when it was super high people still drove, they just paid more.  They didn't just give up driving or moved to a 1 bedr in the city.  Not everyone got extra money either, prices really hurt a lot of people who were already making ends meet barely before this.  [/quote]

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