Reported about 1 year ago
Inflation is causing financial strain and lowering living standards for Americans, as wages struggle to keep up with rising prices according to Harvard University professor Stefanie Stantcheva. Consumers across income levels are feeling the effects of diminished purchasing power, resulting in a sense of economic insecurity and suffering. The inflationary impact on emotions and perception of inequality is also highlighted, with many individuals experiencing fear, stress, and inequity in the face of rising living costs.
Source: YAHOO