January 09, 2022
Fallout of the pandemic is the first time Gen Z experiences inflation
Boiled down to its essence, inflation is a process of rising prices - or, to be more precise, the devaluation of money. If inflation is at 5% (5.1% is the current level of inflation in the United Kingdom) prices are 5% higher than a year ago - so, on average, the same thing that used to cost £100 is now priced at about £105
Natasha Banga explains the economic phenomenon Gen Z has not yet had the chance to experience - and what The Old Lady of Threadneedle Street has to do with it.