Inflation remains a persistent economic challenge, putting pressure on consumers and causing financial strain. In this climate of economic uncertainty, Harvard University professor of economics Stefanie Stantcheva offers additional insight into the impact of inflation on consumers.
Stantcheva says that high inflation has left consumers feeling that their living standards are being lowered. Across income levels, individuals agree that "wages just don't keep up with inflation," creating a widespread sense of economic insecurity.

Stantcheva highlights the various ways inflation affects consumers. Their purchasing power is diminished, forcing them to buy fewer goods or settle for lower quality. As workers, they believe wage increases often fail to match the rising cost of living.

"We're also just human beings with emotions, and what we see is that there is a real suffering from inflation," Stantcheva tells Yahoo Finance

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple ([ Ссылка ]) or Android ([ Ссылка ])

- Follow Yahoo Finance on social:

X: [ Ссылка ]
Instagram: [ Ссылка ]
TikTok: [ Ссылка ]
Facebook: [ Ссылка ]
LinkedIn: [ Ссылка ]

#inflation #yahoofinance #cpi

свернуть