[jimjamuser]

Originally Posted by Caymus

I see many articles about how people are having trouble paying household expenses. Does cutting rates reduce or increase normal living expenses?

https://www.msn.com/en-us/money/mark...b144249&ei=154

It reduces the RATE of increase. Over time the cost of everything (goods and labor) goes up. When I got out of high school, I bought a nicely running used car for $60. That is about what you would pay today for a used bicycle. I believe that over time the price inflation averages out to around 3% per year. Each year the price of anything goes up about 3%.
........Think of it this way, in 1950 a penny was a USEFUL currency, not TODAY.