by Jesse Colombo, BullionStar:

You’d have to be hiding under a rock to be unaware that inflation is one of the most pressing issues of our time. After a shocking 23% increase in the cost of living since 2019, all but the wealthiest of Americans are getting squeezed and seeing their living standards plummet at an alarming rate. Grinding inflation is causing once-affluent people to become merely middle class, former middle-class people to become working class, while working class people are being forced into the ranks of the working poor and even the destitute. According to the most recent Gallup Poll, inflation was America’s number one worry with 55% of people polled saying that they worried about inflation “a great deal,” while the latest Fed survey showed that two-thirds of Americans believe that inflation has made their financial situation worse.