What does this mean for everyday American families?
A new analysis from Moody’s Analytics reports that the average US household is paying an additional $250 a month thanks to this inflation.
“A lot of people are hurting because of high inflation,” Moody’s senior economist Ryan Sweet told The Wall Street Journal. “$250 a month — that’s a big burden. It really hammers home the point of ‘what is the cost of inflation?’”This disturbing revelation brings into focus something we already knew about inflation : it hurts the working class the most. While $250 a month is hardly a noticeable increase for […]
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