GenBiz: Inflation Is Killing Younger Earners Most

  • Inflation has become a mainstay of our times for people around the world, and America is no exception. A majority of Americans claim uncertainty about their financial future. While most Americans are experiencing the effects of inflation, the trend seems to be impacting young Americans worse than other cohorts. One could even say young Americans are forcing themselves into an “inflation diet” as they choose between groceries and other purchases.
  • The rise in the cost of living, burdened by inflation, has many, particularly young Americans, uncertain about the future. With rising prices and wages staying stagnant, many young adults are struggling to make ends meet. In order to make ends meet, some are forced to go on an “inflation diet”—sacrificing grocery items, clothing, and other essential purchases to pay for necessities.