It's also because everyone in real estate and the stock market has gotten so rich.
Stock Portfolio's are up over 100% since March 2020.
The average house is worth around $600,000.
Everyone has so much cash/equity.
Case of too much money chasing too few goods.
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Another reason why everything cost so much today and it's the biggest jump in inflation in over 50 years since the 1970's.
It's not just the 10 trillion + in free money that government gave out in the last year. It's not just because the FED keeps rates at ZERO.
