Young people as a whole, are positioned pretty well right now. It is because a lot of the things we're talking about when we talk about inflation, are hitting young people pretty hard. They tend to rent rather than own, and rents are going crazy. But they are also really benefiting from the parts of this economy that are working wellright now. And entering the job market during a strong period sets you up for the future in a really important way.
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.
Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter.
Background reading:
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.