Retail sales crashed and wholesale prices skyrocketed in May following unprecedented federal spending binges, the Department of Labor reported on Tuesday.
The Trafalgar Group and Convention of States Action’s nationwide survey polled more than 1,000 likely general election voters about inflation.
Consumer prices continue to climb at their fastest annual rate since 2008 as inflation is now higher than it’s been in over a decade.
At a time the wealthiest Americans have gotten even richer due to booming times on Wall Street, pernicious inflation would give working families a crushing blow.
As inflation in the United States is likely to worsen, millions of American families will have to continue penny-pinching for the foreseeable future.
Since inflation is a process and not an end-state, it never seems too bad at the start. Unfortunately, Americans should prepare to buckle up for the future.
The real value of the minimum wage has hardly changed for half a century. You wouldn’t know that from looking at charts from the Left.
America’s middle class was actually doing quite well until the recent recession.
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