You can blame inflation for your bad finances. Or are you spending too much?

There’s a narrative floating around right now that if inflation would cool off and if prices would finally come down, Americans would be back on solid financial footing.

I don’t buy it. Not at all.

Because here’s the uncomfortable truth. Even if prices dropped tomorrow, a lot of Americans would still be going broke.

WHY CAPPING CREDIT CARD INTEREST RATES WILL KILL CREDIT FOR WORKING FAMILIES

And it’s not just about the economy.

It’s about our instant gratification behavior.