Glancing back this month and reviewing our budget, I realized that expenses are on the up and up. Not that we are spending more, but that things are costing more. If you have been paying attention, not to the news but to the world around you, you might have noticed inflation creeping in. If you pay attention at grocery prices from month to month, you already know it. When people refer to “less is more,” they usually do so in the context of aesthetics, décor, clutter… I think that with our current “real” state of the economy, not what the news are reporting daily, but what you see people live day by day, less will have to be more. If you have no clue of what I am talking about, on your next shopping trip to the grocery store (a definite need) be a bit more observant and glance at people’s grocery carts on line ready for checkout. It is an eye opener. When people are downsizing basic needs, it is a sign of how real things are becoming. It is true that the pandemic caused much damage in many households, and for many people income dropped, while for others, unemployment assistance became a blessing, increasing their income compared to the job they had before being unemployed, hence why many people are not interested in returning to work right away, but that is another subject. So for many others, less will have to become more. Less groceries will have to be stretched out for more people/servings for a longer time. If you think that the pandemic already did this in 2020, wrecking people’s lives, incomes … you are right. Post pandemic it will be inflation.
For us who have been around in the 1980’s, we remember inflation. Interest rates to buy a home were at 14% or more, and the cost of living was high. In my opinion, and I am not a financial expert, only someone who observes life, the difference this time around will be that the salaries have remained pretty much the same since that time while everything else has gone up in price, and possibly much more if inflation hits us hard. For the younger generation, it will be an eye opener, as their purchase power will be challenged much more than it already is. Old timers will not be as shocked but will see the difference, especially, if they are on a fixed income. What a recipe for scrambled eggs, hopefully not kept in one basket. Maybe it will be a lesson in grateful living and appreciation of what one already has, and going back to basics.
“Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them.” Matthew 6:26 NIV