People in different stages of life are experiencing this economy in very different ways right now. Michael Wolraich: I kind of think about it as a sort of three phases. There's how are young adults just getting going in their careers? How are they doing? And then there are our retires, who having a very different experience of this economy right now.
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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