Has inflation fueled the two-income household trap in the US? – My Budget 360

Has inflation fueled the two-income household trap in the US? – My Budget 360

Inflation in the United States is largely seen as a built in part of our economy.  People take it for granted as if this was simply the order of things.  Yet our central banking system has inflated our debt based financial system and subsequently, the value of money has eroded.  For example, most items that are financed through debt have increased dramatically during a time when household income has reverted to inflation adjusted levels of the 1990s.  The cost of inflation is hidden of course from the eyes of the public as to not shock people into action.  Playing with interest rates, a car that once cost $20,000 is now going for $30,000 but the monthly payment has remained the same thanks to the Fed’s unrelenting push to lower interest rates.  There is a cost to all of this of course.  If it were so simple to fix an economy, the Fed would simply send unlimited debit cards to each and every American.  Inflation is a threat to the economy from the perspective that it destroys the purchasing power of working and middle class Americans, those with limited access to debt.  In our economy, debt provides access to real assets and those with the most access to debt (banks) can lock into the larger share of assets (i.e., banks now buying up thousands of rental properties).  Is inflation a main culprit in the two income trap?