Tag: high inflation
High prices persist – making life less affordable – and further increases are on the horizon This year’s elections confirmed the hollowness of arguing that low inflation means that Americans are doing fine. Consumers don’t care about inflation; they care about high prices, and they see high prices when they go to the grocery store,…
Impact depends on sources of income, asset holdings, and the amount of fixed-rate debt. In June 2022, U.S. inflation peaked at 8.9 percent – a dramatically high level after nearly three decades of relatively stable prices. A shock of this magnitude must surely have affected the retirement security of near retirees and retirees. The question…
