Inflation is at a three-year high.
Wage gains are being wiped out. Personal savings levels are dwindling. Americans are taking on massive amounts of debt to get by.
"New Golden Age."
Robert Reich
PCE inflation, the Federal Reserve’s preferred inflation gauge, rose to 3.8% in April, marking its highest level in nearly three years.
Core PCE inflation, which excludes food and energy prices, also increased to 3.3%.
