From the Editor's Desk

New Fed Study Shows Inflation Hitting Parents Hardest of All

Inflation remains a leading concern among economists, consumers, and companies--many of which have suffered declining sales as rising prices led budget-minded shoppers to cut spending. New data from the Federal Reserve indicates that parents of children under the age of 18 are having a particularly hard time navigating the continuing inflationary period--a struggle that's prompting some businesses to ease family financial pains with price cuts.

The difficulty one-third of parent respondents said they've had balancing limited incomes with higher living costs is a notable finding in the Fed's annual study. While the recent version of that "Economic Well-Being of U.S. Households" survey found the "72 percent of adults doing at least okay financially was similar to the 73 percent" in the previous poll, those "living with their children under the age 18... doing at least okay financially fell 5 percentage points" to 64 percent. 


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