The inflation happening in the USA, started last year.. Inflation means higher prices on food, Gas, housing, heating etc. It impacts the retirees, fixed income workers, low income and many other categories. A total of 150 million citizens.
High inflation, in short, tends to worsen inequality or poverty because it hits income and savings harder for poorer or middle-income households than for wealthy households.
Households that have recently escaped poverty could be pushed back into it by rising inflation.
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