That’s just because most of the QE/money printing from the FED went to equity and real estate inflation, instead of just giving money directly to the citizens (e.g. about $20k per citizen was spent on the stimulus).
Is there a ready number we can just plugin to recalculate the value of one's assets?
For example, if I held 100usd worth of a stock in March 2020, what would its worth be in Jan 2021, just due to currency devaluation?
Also, we are in a new experiment where every government is trying to devalue at the same time to prop up their covid economies.