The Impact of Inflation on the Ordinary Family

Michael Zuckerman: How inflation affects people at different levels of income. He says for those with median or even lower incomes, the areas that are especially impactful is food, energy, and shelter. But as you move up the income ladder, higher income,. people tend to spend more on things like cars and recreation, clothing, and travel.Zuckerman: Inflation can be within reason positive for a homeowner if their mortgage rate is low. It sounds like it could be really bad for those renting if that's going to go up.