More Americans are struggling even as inflation cools — here’s why

4 comments

1. [Inflation](https://www.cnbc.com/id/10000793) is slowing down, but prices are still high — and likely to [stay that way](https://www.cnbc.com/2024/01/09/deflation-vs-disinflation-whats-the-difference.html).

   That’s generally considered good news. The economy is expanding amid a lower rate of price growth and a [strong job market](https://www.cnbc.com/2024/06/04/job-market-is-strong-but-more-competitive-for-applicants.html).

   However, even a broad pullback in price increases underscores another [bitter reality](https://www.cnbc.com/2024/01/09/deflation-vs-disinflation-whats-the-difference.html): We’re still paying more for many goods and services with little relief in sight.

   “Cooling inflation is not the same as a substantial reduction in prices,” said Mark Hamrick, senior economic analyst at Bankrate. “Elevated prices have largely persisted, which means that Americans continue to face affordability challenges on a range of things both necessary and discretionary, including homes, vehicles, car insurance, food, electricity and travel.”

   Read more: [https://www.cnbc.com/2024/07/09/why-more-americans-are-struggling-even-as-inflation-cools.html](https://www.cnbc.com/2024/07/09/why-more-americans-are-struggling-even-as-inflation-cools.html)

2. Seems like that could be fixed if greedy employers paid more and greedy governments taxed less, but nobody cares so never mind.

3. I expect the answer is not, according to CNBC, class warfare.

   That is the answer I would offer up. Why are we struggling? Cause we are meant to.

4. The economy is doing great!!

   You just don’t understand economics.