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A new study from the government found that inflation is at its highest levels in more than 30 years. Inflation stands at 6.2%, crushing Americans at all income levels. Interestingly, that amounts to a 1% decrease in value in paychecks every month.
To put these ideas together, prices are rising and wealth is shrinking. This is a devastating truth for our country moving forward. As we move past the pandemic, we need a strong and vibrant America that speaks to all people, not just a select few.
Have you felt your purchasing power decrease? Are you confident in the future of the economy?