Inflation hits lower-income households hardest, with different impacts based on income, race/ethnicity, and age

From Investing.com: 2024-12-07 05:00:00

Wells Fargo analysts note rising inflation above the Federal Reserve’s target, impacting consumers differently based on income, race/ethnicity, and age. Lower-income households hit hardest by essentials’ price hikes. Asian households face highest recent inflation, while Hispanic & Latino households have lowest rates. Seniors see highest healthcare inflation, while Gen-X households experience less severe price increases.



Read more at Investing.com: Who is inflation still weighing on the most? By Investing.com