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Navigating Financial Challenges and Inflation Impact
The chapter explores the financial hurdles faced by individuals post-2020 due to rising interest rates and compounding debts, necessitating sustained wage growth to counter inflation. It analyzes the disparity in price changes for core goods and core services, focusing on the soaring costs of shelter like rent. The discussion delves into the public perception of the economy under Biden's administration, shedding light on the compounding impact of inflation on goods and the recent positive wage growth trend.