No. Because housing and healthcare costs have been outpacing inflation for years. It’s only in the past year that inflation has been on the table discussion wise, while the average home doubled in value since 2012.

At the bottom, wages haven't kept up with inflation. They haven't even kept up with the cost of rent.

Most of us here on HN are engineers and our salaries have grown much faster than inflation.

Sure, if you can afford to absorb the extra costs, then that is certainly a simple way to think about it. If you can't, it has the potential to be catastrophic. Wages being stagnant for so long, there are more ppl edging towards the latter.