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Word of the Day: Downward spiral
If something is in a downward spiral, then it is either getting cheaper and cheaper or worse and worse.
Think about an airplane that has stalled and is now falling out of the sky.
It’s going around and around in ever-tighter circles as it gets closer and closer to the ground.
Sooner or later, it will stop falling.
You may think that if things continue to get cheaper and cheaper, then it’s good for you, and it is.
However, it’s not good for the economy in general.
The government has desperately tried to move the needle for thirty years.
Although the Bank of Japan has been attempting to increase the inflation rate to a healthy 2%, it hasn’t happened yet.
Interest rates are meagre, and Japan is a surprisingly inexpensive place to live, as long as you stay out of the big cities.
In Japan, prices have been in a downward spiral for decades.
The problem is that so have incomes.
Due to this, wages have not risen very much during the same period.
If prices are in a downward spiral, that may not be beneficial for you.
Flesch-Kincaid Readability Test
This post is understandable by someone with at least a 7th-grade education (age 12).
On the Flesch-Kincaid reading-ease test, this post scores 73.
The easier a passage is to read, the higher the score on a scale of 0 – 100.