So everyone is talking about this year’s US inflation, can anyone explain why it’s so important?
In: Economics
In the US wages have remained stagnant since 2009, the value of money going down paired with the rising cost of living hits a majority of americans especially hard. When the average citizen suffers they–the engine of industry suffers and the economy as a whole goes down as a reflection of this.
Similar impacts can be felt in other countries but i dont have those numbers.
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