Please learn what “Demand Destruction “. You may start hearing it more, in a nut shell, means a lower demand for a commodity, thru higher prices.
America is starting to buy less gas, creating a “demand destruction” of goods, less travel, less buying , .
We maybe heading for a recession, loss of GDP, less money scent by consumers. By end of 2022? Maybe in 2023?
For us , it means our economy struggles, lost of jobs, reduce hours , business- lost of sales, GDP goes downhill. We all will suffer.
To prepare? Start saving some of your money “NOW”. Cut back on spending. travel, reduce your credit card bills. Etc.