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Inflation has made the 1%—and the middle class—richer

Published: October 18, 2023

Yes, inflation is a tax on incomes, finds NYU’s Edward Nathan Wolff, but it also shrinks debts and can boost asset values, like homes.

Source: fortune.com

Related Topics:

United StatesTom BarkinEdward Nathan WolffNational Bureau Of Economic ResearchPew Research CenterFederal ReserveFederal Reserve BankYork UniversityConsumer FinancesThere ReallyNational BureauEconomic ResearchConsumer Price IndexEconomic InequalityFuture BoomGreat Recession