The Erosion of Affluence: How Inflation Is Redefining Middle Class America The notion that a six figure salary guarantees financial security and comfort is no longer tenable.
A recent trend, accelerated by the era of elevated inflation that began during the COVID pandemic, has eroded the value of $100,000 to the point where Americans earning this amount are now forced to seek bargains like everyone else.
At the heart of this shift lies consumer behavior in response to higher prices.