Insidious inflation

The Babylon Bee has competition: Inflation Stings Most If You Earn Less Than $300K. Here's How to Deal.

Perhaps, the economics professor who wrote the article above can help provide a few tips to this woman who feels the sting:

Kathleen Black is facing a 50% rent increase on the older three-bedroom central Scottsdale apartment she shares with her four kids and father.

“My apartment’s management is upping my rent by $800 a month,” said Black, who moved from Goodyear to Scottsdale in 2020 after a divorce so her children could go to school with their cousins.

“That will take almost 100% of my income, and my father is on a fixed income," she said. "Our apartment isn’t that nice.”

That's a rough $10,000 increase in rent for the next year. It's true that those making $300,000 won't sweat over it but those who earn around $30,000 will have harsh and ugly choices ahead.

Bloomberg: “Legend has it that inflation can affect people’s lives. We investigated this myth and discovered it was true, but only for the almost invisible fraction of Americans who make - and we verified that this actually exists - UNDER $300,000 per year.” pic.twitter.com/4aWkdcJM2Q

— Sean Bell (@SeanBellring) March 20, 2022