In November, inflation hit a 39-year high in the United States. The consumer price index was up 6.8 percent from the previous year due to major increases in the cost of rent, food, motor vehicles, gasoline, and other common household expenses. While inflation impacts the entire country, its effects are not felt equally. At greatest risk are low- and middle-income Americans who may lack sufficient financial reserves to absorb such economic shocks. Meanwhile, scientists, economists, and activists across the political spectrum continue to advocate for another potential systemic economic change…
