US inflation hurting poorer citizens – St Louis Fed research

Nearly 90% of low-income households report significant stress from inflation

The St Louis Fed
The St Louis Fed
Matthew Black/Flickr (

Low- and middle-income households are forgoing necessities due to the cost of inflation, research from the Federal Reserve Bank of St Louis finds.

Households delayed major purchases, contributed less to savings and retirement, and delayed medical treatment, writes Institute for Economic Equity data scientist Lowell Ricketts.

They also worked additional jobs and shifts, purchased less fresh produce, and increased their credit card, loan and pawn shop usage. “As of June 2023, 85.7% of

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