If transportation costs soar, like they have in the past with high priced gasoline, all consumer goods soar, not only those made with petroleum products.
I heard something on the radio about how..... with housing values plummeting that this will be a very very very precarious time, as most boomers & anyone older have most of their entire net worth tied up in ONE asset alone: the HOME they live in.
“I’m sorry - I didn’t mean to misinterpret your words, my understanding is minimal on these issues”
No apology necessary. I just didn’t want to give the impression that I was a financial expert. I made my original statement because I think oil prices are going to zoom up BY DESIGN which will in turn further destroy our economy.
Ironic that the boomers have been encouraged to use their homes as an investment for years and years.