Before you complain about inflation, consider that it made the typical middle-class family $14,300 richer over the 36 years leading up to the pandemic.
Closing the Racial Wealth Gap in Retirement Preparedness upenn.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from upenn.edu Daily Mail and Mail on Sunday newspapers.
A reformed Social Security with personal retirement accounts can domuch more than reducing the program's coming fiscal problems. Itwould also allow workers to build family nest eggs; give workersgreater asset control; strengthen communities' economic base; yielda higher rate of return; and allow workers benefit ownership.
NEW YORK Anxiety about inflation, among citizens and politicians alike, has been peaking recently. In the United States, the year-on-year increase in consumer prices reached 7.5 per cent in January, the highest rate since February 1982. If people’s incomes increase by less than the rate of inflation, their real incomes decline, and they cannot afford to buy as much stuff