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The sticky inflation is like cutting a paycheck for most households. When younger people have to wade through getting started economically – and then we add on inflation? That’s a firm delay in economic development, cut-and-dried. Gen Z and Milennials had to swing at a curve ball in the dirt (threat of recession) after having a high fastball thrown at their chest (that’s COVID).
Here’s the data from BankRate.com. Their team collects and analyzes numbers we all should heed if we make $250,000 annually (or even as a household). The Federal Reserve has been warning about this indicator that may lag for older people, but is a predictor for youngers.
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