Is the economy really that bad? Why inflation has the middle class so on edge [latimes.com]

Rafael Maravilla(PACEs Connection Staff) 2/18/2212:00 PM

By Don Lee, Photo: Dania Maxwell/Los Angeles Times, Los Angeles Times, February 17, 2022

At first, it was just a few things in the meat and produce sections that caught Gayle Stafford’s eye. But soon she noticed that prices were rising for soup and cereal. And it wasn’t just in the supermarket.

With overall inflation now running at a 40-year high of 7.5%, Stafford, a schoolteacher who lives outside Cincinnati, suddenly finds herself worrying about the family’s financial future, especially for her two adult kids.

“How are they going to be able to afford anything?” she asks, worried that surging inflation could price them out of the market for a house or other staples of the middle-class American dream.

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