It’s time to turn this around

Americans are seeing the highest rate of inflation in 40 years, resulting in a reduction of both their purchasing power and standard of living. This disproportionately impacts low-and middle-income families as they are forced to pay more for basic staples and food.

The 52 percent of Americans born after 1980 have never before experienced the devastating impact of rapid inflation on their quality of life.

During the 1970s the USA experienced stagflation. This economic downturn saw manufacturing jobs decline, unemployment increase, oil prices skyrocket and wages stagnate. The decade’s annual inflation rate was 7.9 percent.