As the Federal Reserve commits tens of billions to bail out Wall Street, people having fixed, moderate or low incomes struggle with the inflation monster. Whatever comfort Fed governors take from seemingly low core inflation rates, a person who must choose between buying either bread or milk won't feel real good.
Showing posts with label Living with Inflation on a Fixed Income. Show all posts
Showing posts with label Living with Inflation on a Fixed Income. Show all posts
Sunday, March 23, 2008
Living with Inflation on a Fixed Income
As the Federal Reserve commits tens of billions to bail out Wall Street, people having fixed, moderate or low incomes struggle with the inflation monster. Whatever comfort Fed governors take from seemingly low core inflation rates, a person who must choose between buying either bread or milk won't feel real good.
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