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This Is What Living With Long-Term High Inflation Feels Like

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This Is What Living With Long-Term High Inflation Feels Like

Bloomberg Opinion April 18, 2022
EconomicsOther

Americans are entering a period when consumer prices will continue to rise steadily, which will bring a whole different set of costs and benefits to a new generation.

If you are under 45 and live in America or Europe, the odds are this past year has been your first real experience with inflation. Other than a blip in 2008, inflation has barely topped 3% in the last 30 years.

Continue reading the entire piece here at Bloomberg Opinion (paywall)

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Allison Schrager is a senior fellow at the Manhattan Institute and a contributing editor of City Journal.

Photo by Sezeryadigar/iStock

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