Many retires are absolutely getting squeezed by rising prices and a limited ability to increase their income. Trying to target your inflation rate is probably not a realistic way to your life. The things that have risen the most in price over the last year are not necessarily the ones that will rise the most next year. We've actually seen used car prices started to edge down a little bit recently, but we can all hope that if things coing to calm down in the world, that oil prices will start to come down.
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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