If you’ve got a job with health insurance that adjusts wages to inflation (and don’t get laid off), you will weather the consequences.
If you are retired, disabled or laid off and can’t find a job as described above, you will not be so well off.
If you depend on periodic payments from your IRAs, 401Ks, Keoughs etc. to pay ongoing expenses, your accounts will be depleted at an accelerated rate due to declining account values from market downturns and inflated prices.
At this point, I see stagflation as a best case scenario. At the worst, 1930s depression level unemployment, tariffs and protectionism driving GDP down.
Edit - I’d add that as transfer payments are eliminated or reduced, states most dependent on federal transfer payments and grants will suffer most, like West Virginia. Mississippi, Louisiana, Alabama and others. Those states with the highest poverty rates, highest number of retirees, and lowest median wages are at greatest risk.
But if you don’t eat, need clothing or health care, don’t need to live in a home you’ll do fine.
