Maybe for the first time ever, I am seeing clients start to freak out over various aspects of their financial lives: tax surprises, the costs of meals, flights, what have you. Certainly the unexpected return of inflation is scary.
Unquestionably many of us have had our lifestyles floated on the rising tide of markets and government largesse for a long time and have become accustomed to not considering or making tradeoffs in a disciplined fashion on a consistent basis. For the short term, at least, it would appear that we will not be accorded that luxury by the universe. Frankly, I think we need to embrace it and accept it as a new flavor of adulting. It ain't easy, but it is what it is.
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