For most Americans under the age of 50, inflation has never been much of an issue. Yes, prices rose a little every year but that was considered normal. Price increases of 1-2% a year for most goods and services were to be expected. People under the age of 50 were too young to fully experience…
What are the signs of inflation, key benchmarks? A survey conducted in March of 2021 found that over three quarters of Americans are concerned about inflation. Not surprisingly, younger Americans who have not yet reached their peak earning years were most worried; the primary reasoning being they are still renters and don’t own a home…
The economy’s weak summer performance reflected a big slowdown in consumer spending as a spike in COVID-19 cases from the delta variant caused consumers to grow more cautious, and snarled supply chains made items such as new cars hard to get and also contributed to a burst of inflation to levels not seen in three…