On today’s show the focus is what people on fixed incomes will do in the face of inflation.
Most people in the general population don’t have the entrepreneurial skills to design their own income streams. If they experience a loss of income, the tools at their disposal are limited. They either continue their lifestyle by going into debt, or they cut expenses.
Increasing debt is a temporary solution employed by many. But this too has the effect of running out of eventually forcing financial belt tightening.
We will see several forms of household cost reduction.
Host: Victor Menasce