A lot of middle aged people right now are getting squeezed. They don't have that opportunity to move around easily between jobs. In terms of inflation, think about this is a p that is often going to have a commute and so they're going to be dealing with gas prices. And u look, if you got kids, really thinking about the safety of the car. Child care, child care is a huge expense. Food,. If you've got kids again, right? Is going to be ahuge expense.
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.