Fatherly
Apr 04 2022, 2:17 PM
The current inflation rate, where prices are rising at the fastest pace that they have in 40 plus years, is walloping the wallets of parents. Working families are now struggling with rising gas prices, higher grocery bills, and a housing market that seems out of control — just look at rent costs that have skyrocketed as much as 40 percent in some cities. And new data from Bloomberg economists have found out just how much inflation will impact a family budget in a dollar amount this year.