Agreed. It's mind blowing to me. Wages have outstripped inflation and so have active and passive investing returns, generally speaking and have out paced the COVID spike. For the first time in 15 years, you are even getting returns on savings that are outpacing inflation. So while your dollar is worth less than it ever has, most everyone is getting enough more of them that they are doing historically well and are either saving/investing more or getting more stuff. But they still point to grocery and energy inflation as the good old days. I mean they aren't great and we're never going back but we got through this worst crisis of my lifetime and somehow now we're stronger. And for the first time I can think of, I can lay a chunk of that directly at the President's feet.
The people who are screwed are fixed income people who for any reason have locked in to a specific budget and cant' get any counteraction to the CoL increases. That's mainly annuities and welfare and people trying to live off of savings only.
And you know who's reinforcing things are so bad? Billionaires and CEOs making record profits and record paychecks. Billionaires who want less tax collection less tax collectors looking at them and protections against wage increases. Billionaires building populist support for tempest in teapot causes and are now sending 100's of millions of dollars in to TFGs campaign a month. The news I am exposed to (which I have limited greatly and has a conservative lean) sneaks this in every day and as if it's a good thing.
Those who tell you about the year we had 9% inflation are neglecting to mention that most of them have been seeing higher wages
https://www.epi.org/nominal-wage-tracker/
Edit to add, I am one of those people living mostly off savings with limited returns and I am technically worse off, but I still feel kinda thankful in that it's not a whole lot worse and prospects are good to not get worse. Of course, I am good at finding ways of living within my means, am not raising a family, don't tend to want for more, and built a rainy day kitty when I was working.