Sunday, March 28, 2021

Inflation a major concern of young Americans today

Their concerns are justified given Federal Reserve policy and the enormous growth of government borrowing.  The Federal Reserve has announced that they are keeping rates low while seeking to hit their 2 percent inflation target.  That means negative real rates for a very long time in the future.  That's great for government which can borrow cheap to finance current spending.  But it's terrible for young people and small savers who will see what little returns they get on their savings washed away by inflation.  

 https://www.zerohedge.com/economics/77-americans-are-worried-about-soaring-inflation



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