Inflation Hits Elderly the Hardest: Expert

Unemployment is rather low, at 4.2 percent in November. Typically lower unemployment means people have more money on their hands because more Americans across the country are working. This increases demand. And this can raise prices, and increase inflation too—which is already at a 39 year high. Now—the Federal Reserve is concerned we’re heading into an upward wage-price spiral. NTD spoke with renowned tax expert Julio Gonzalez to learn more about the high inflation rate and whom it’s hitting the hardest.