Yes its certainly true that the cost of living is rising but wages etc are not keeping up. Very true that there's bubbles everywhere.
But even within the stock market there's bargains to be had (mining stocks) and buying precious metals gives us some hedge.
Like most people I'm carrying a decent amount of credit card debt but the silver I hold is worth far more than it (even at these suppressed prices).
Then you are doing better than 98%. To hold physical assets such as silver, gold, etc. is the preparation part of it. But even that will go only so far. Stay tuned for the series on preparation.