Retirees, in many cases, are living on a fixed income. They're dealing with all the costs of living. There's often very little flexibility in that budget. And we know that retirees in particular tend to be really worried about inflation. I certainly hear that when i'm talking to people.
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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