Young people are relatively and i guess, surprisingly, well positioned to absorb all this inflation we're talking about. That seems to be the big ticking yaht, that they're most likely to be getting the pay increases to keep up with price increase. So a final benefit of inflation for a young person is that, in relative terms, it reduces the burden of their debts. O as, what about middle aged americans? How are they positioned to handle moment of inflation?
Fresh data from the U.S. government on Wednesday showed that inflation was still climbing at a rapid pace, prompting President Biden to say that controlling the rising prices was his “top domestic priority.”
But not everybody experiences inflation equally. Why is that?
Guest: Ben Casselman, an economics and business reporter for The New York Times.
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