The popular idea that prices should fall to previous lows gives most economists chills. Deflation is bad for everyone, they say.
The popular idea that prices should fall to previous lows gives most economists chills. Deflation is bad for everyone, they say.
Poor people have tons of debt. Student loans, credit cards, car loans, rent-to-own furniture/appliances, pay day loans, medical debt in the US and recently installment purchases online. A lot of these are definitely extended to poor and lower middle class people.