From the bottom. Hay here is $800 a ton and can approach $1000 a ton if you buy at the feed store. Beet pulp and alfalfa have gone up at least 50%. whole flax has gone up 300%. Gas is $2 a litre. A 3 bedroom bungalow is $1.5 million or up. A two bedroom condo starts at $500k. Low key horse acreage is $5 million. The basic price of keeping any horse or person is skyrocketing.
At every level some people are getting priced out. Of horses, but of other things too.
Yes, it sucks to be fairly well off and then not be able to afford the things or activities that you would think correlate to that income level. But it’s happening everywhere in regards to all amenities. A low six figure income in my area can get you a condo but not a house, certainly not acreage. It won’t get you hunter circuit horses and program.
However if you are at the top end of horse pricing you can always figure out how to downgrade with no harm to the horse. When you are with a given coach, and you like them, you don’t want to leave, everyone else looks crap, but also you don’t actually know the full local ecosystem.
Adult hunters in the USA is from all accounts a game for the significantly wealthy, and so when inflation hits a percentage increase is going to be that much more in dollar figures.
I get my horse everything she needs, I keep my own truck and trailer, but we don’t compete and I recognized when I returned to riding that I didn’t have play money to be involved at that level. I would never maintain a hobby that took a serious bite out of my actual living expenses or made me need to budget the other parts of my life. Of course I tend to live below my means generally which I find very comfortable.