Why are my living costs so high—what's causing inflation?

J

juicepouchesmidwest

New Member
I hear so many reasons why my repayments are going up and inflation skyrocketing.

Genuine question:
In which order is the reasons for all this high cost of living?

1. Covid money printing
2. Labor government spending
3. The orange man in the big house
4. Boomers
5. Immigrants
6. Speculative property investors
7. Large companies gouging
 
I really wish people would take the time to listen to the RBA governor’s full comments and read the RBA statements. All the main reasons are spelled out in plain English with tons of detail. And hey, on a separate note, economies go through cycles of inflation and non inflation for lots of different reasons.

Every,decision is made with a bunch of factors in mind, but the top priorities are full employment and price stability.

My advice? Skip the media headlines and go straight to the source. Most of what’s in the media is pure rage bait nonsense. You’ll actually learn something about monetary policy.

https://www.rba.gov.au/publications/smp/2026/may/pdf/statement on monetary policy 2026 05.pdf

If you don’t want to read the whole thing, just drop the policy statement into your favorite LLM and it’ll spit out a nice summary for you.
 
Alright, easiest way to put it:

Total value of all the gold ever mined and still floating around? $30 trillion. That includes jewelry, bullion, machinery.

Global economy? $125 trillion.

Global debt? Something like $300 trillion.

Indexation, inflation, capitalism, and the whole let's just keep raising the debt ceiling game ever since we ditched the gold standard in 1971. Basically, it’s now: As long as you can make the payments, keep borrowing.

The rich can borrow more, the poor can’t, and the gap keeps widening until we’re at this point where the top 3% own more wealth than the bottom 97%.

Honestly, the only ones not tanking the economy here in Australia are the boomers they actually have real liquidity. That money’ll eventually trickle down to the rest of us through!inheritance, while we’re sitting on crippling debt.

I could sit here and say my house is worth more than double what I owe, and I’ve got $x00,000 in equity, but really that’s all speculation. I’m still 450k in the red.
 
Back
Top