A new word I just learned...
Although I am not quite sure on it's accuracy of it actually being a word, but it makes sense, given the current situation of today's economy in the US. It's called SHRINKFLATION. It is an actual thing that's happening right before our eyes and many people do not even realize it. Some folks are seeing it, others are not.
This word has been derived from the meaning of inflation, with less product. Meaning our prices are going up but we are getting less than what we are paying for by the manufacturer who produces the product.
This may have been happening for many years in the world of economics and production but many of the average citizens are just now beginning to see it more previlantly.
My sister works at Walmart and she told me that's exactly what's happening with the many products we purchase daily. For example, products are shrinking 2 percent in ounces in our average product, from food, to personal items like shampoo to nessecities like gas and heat.
We are getting less for our dollar while the price either stays the same or goes up.
Heck even the dollar tree store isn't even a dollar anymore and I'm a bargain shopper. I used to always look at prices compared to volume or weight but now it's obvious. I think to some it may have been a myth, but it's actually a crisis that effects not just the average consumer but the global economy to it's core. When given the statistics, the world has been on its way to economic collapse. In the US alone, I believe gold is now worth more than the actual dollar, or it will be in the near future.
This word has been derived from the meaning of inflation, with less product. Meaning our prices are going up but we are getting less than what we are paying for by the manufacturer who produces the product.
This may have been happening for many years in the world of economics and production but many of the average citizens are just now beginning to see it more previlantly.
My sister works at Walmart and she told me that's exactly what's happening with the many products we purchase daily. For example, products are shrinking 2 percent in ounces in our average product, from food, to personal items like shampoo to nessecities like gas and heat.
We are getting less for our dollar while the price either stays the same or goes up.
Heck even the dollar tree store isn't even a dollar anymore and I'm a bargain shopper. I used to always look at prices compared to volume or weight but now it's obvious. I think to some it may have been a myth, but it's actually a crisis that effects not just the average consumer but the global economy to it's core. When given the statistics, the world has been on its way to economic collapse. In the US alone, I believe gold is now worth more than the actual dollar, or it will be in the near future.
