Poorest Americans are hit hardest by soaring prices on necessities
- Written by Jacob Orchard, Doctoral Candidate in Economics, University of California San Diego
Not all baskets are created equally.
Gina Ferazzi/Los Angeles Times via Getty ImagesThe fastest rate of inflation in 40 years is hurting families across the U.S. who are seeing ever-higher prices for everything from meat and potatoes to housing and gasoline.
But behind the headline number that’s been widely reported is something that often...
