Purchasing Power

N.Y. Post: Joe Biden’s State of the Union ‘shrinkflation’ swindle

New York Post, March 6, 2024 Joe Biden’s State of the Union ‘shrinkflation’ swindle  Since Joe Biden became president, the dollar’s purchasing power has shrunk by 18% as Americans suffered the worst inflationary ravages since the Carter era. But that plunge is trivial compared with the nation’s real affliction: Snack companies “charge you just as […]

Rich Keep Saks in Clover, Poor Keep TJMaxx Growing, But No Middle to Shop at Sears

INDIANAPOLIS – On a recent weekday afternoon in March, the Goodwill store on this city’s east side was buzzing with nearly two dozen shoppers – young and old, black and white, Latino and Asian — rummaging excitedly through the rows of blue jeans, piles of shoes, and shelves of luggage, books, and picture frames in a hunt for the best bargains to be had.