Then I came across this today after paying $21 for a couple of McDonald’s meals: “The Big Mac Pay Gap Index.”
Put in your own demographic information to see the price of a Big Mac and then put in another gender and race to see how you compare. You might feel better about the price or worse, depending on your circumstances.
The other item about inflation is that it is not confined to the United States. Inflation is happening everywhere — with most paying much more for their fuel.
Some might say that the United States economic policies have caused worldwide inflation. How did we do that exactly? Really?
I can tell you that I sold a home in 1980 and the interest rate at that time was 16 percent. We escaped with our financial lives. Look up the name Paul Volcker for a history lesson on inflation.