Are we at this point yet?

Bloomberg article mocked for suggesting Americans spend their paycheck immediately to cope with inflation

"In a high-inflation economy, money that sits in the bank is losing value. Each day, those $100 on deposit buy a little bit less. As a result, many Argentines spend their paychecks as soon as they receive them, carting away weeks’ worth of groceries in a single shopping trip, even if some of it -- excess meat, chicken, fish -- will sit in the freezer for months," Gillespie and Doll wrote.

They added "And don’t hesitate to borrow money to finance some of those big purchases. If you can get a loan at a rate below inflation -- something that’s possible for many Americans today -- go for it. Inflation will make it easier to repay the loan in coming months and years."

"In a high-inflation economy, money that sits in the bank is losing value. Each day, those $100 on deposit buy a little bit less. As a result, many Argentines spend their paychecks as soon as they receive them, carting away weeks’ worth of groceries in a single shopping trip, even if some of it -- excess meat, chicken, fish -- will sit in the freezer for months," Gillespie and Doll wrote.

https://www.foxnews.com/media/bloomberg-twitter-americans-spend-paycheck-inflation