Economics
Inflation Set to Spoil Holidays for Struggling U.S. Families
- Higher prices add strain on top of lost federal assistance
- Wealthiest are seen spending even more, deepening inequality
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Retailers are forecasting a record holiday spending season. But for one in ten Americans, prices rising at the fastest pace in 30 years will dampen the Christmas spirit.