‘It didn’t have to be this way’ — Top economist warns affordability crisis will continue as tariffs and immigration crackdown send inflation higher

In a social media post on Sunday, he noted that prices have surged since the pandemic and are continuing to climb at an “uncomfortably quick pace,” with the country now suffering an affordability crisis. The most recent data from the Bureau of Labor Statistics show that the overall consumer price index was up 3% in September from a year ago, accelerating from an annual rate of 2.3% in April. “The high inflation, combined with a job market struggling to create jobs, rising unemployment, and slowing wage growth, means that the tough financial times low- and middle-income Americans are grappling with will continue on.”

Author: Jason Ma

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