Inflation Gap Widens Between Rich and Poor
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Inflation benefits the wealthy by increasing the value of their assets, while harming low-wage earners already living paycheck to paycheck.
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The wealthy can utilize financial strategies like tax shelters to minimize inflation's impact, while the working class spends more on necessities.
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Federal Reserve policies like low interest rates contribute to asset inflation that disproportionately benefits the rich.
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White-collar workers face more job insecurity and slower hiring than blue-collar workers in demand for manual labor.
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Blue-collar wages have surpassed inflation rates, enabling them to maintain spending levels and economic stability.