Inflation keeps ticking upwards, hitting 8.5.% in March, the highest it’s been in 40 years. Wages might be rising, but the gains are largely canceled out by inflationary pressures.
At the same time, people aren’t experiencing inflation the same way. Less affluent Americans are more likely to put their money towards the basics, with little buffer after inflation.
Below, we look at how inflation is affecting Americans’ spending habits, and implications for the current administration. CONTINUED
Clifford Young & Catherine Morris, Ipsos
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