""We hear that inflation is low, but we don't even have time to question it because we're too busy trying to survive. To me, it's the worst it's ever been.""
""When the costs of his supplies go up suddenly, he can't immediately adjust prices. His customers just won't be able to pay. So he absorbs the costs himself.""
""Americans all over the country are feeling squeezed everywhere from the pump to the grocery store to housing.""
""The delta between the lived experiences of people like Parker and Nassef and the assertion from the federal government that inflation is in a reasonable place is a result of how inflation is calculated.""
Sara Parker, a single mom in Houston, struggles with rising costs, stating inflation feels worse than ever. Saeed Nassef, a homebuilder in Ohio, faces similar challenges as construction material prices soar. Small business owners are unable to adjust prices quickly, leading to financial strain. Despite these experiences, the U.S. government claims inflation is stabilizing. The disparity between personal experiences and government assertions highlights issues in how inflation is calculated and its effects on low- and middle-income households.
Read at Slate Magazine
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