Posted inEconomy

Inflation Hits Middle-Income Americans the Hardest, Says Congressional Budget Office

By Bryan Jung Middle-class Americans were the hardest hit group by skyrocketing inflation in 2022, Congressional Budget Office (CBO) says. Inflation has cut into the finances of the middle class more than that of low- and high-income households, according to a CBO report from Sept. 22. Annual U.S. inflation rates have hovered in around the low- to mid-8 percent range since the summer […]