How soaring inflation can be particularly harmful for young people
- Written by Shampa Roy-Mukherjee, Associate Professor in Economics, University of East London
Shutterstock/SpeedKingzInflation rates have become almost impossible to ignore. In the UK, inflation has soared in recent months, now reaching 9% – the highest rate for 40 years. The Bank of England expects it to rise to 10% this year and for the economy to slow down.
Increasing prices have led to a severe cost of living crisis, as wage...
