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American consumers should watch their spending choices to reduce the impact of excessive inflation on everyday goods, American political author and commentator Oren Cass told Consumersā Research (CR) in a Feb. 24 webinar.
Cass spoke at āThe Persistent Thief: How underestimating inflation is depriving consumers of the American Dream,ā a CR event moderated by executive director Will Hild. The two discussed problems with measuring and calculating American inflation and why the typical American consumer may be concerned.
āLooking at your budget and asking, āwhat is the most my budget can afford?ā isnāt a good choice,ā Cass said.
He provided a scenario where a consumer is house hunting but chooses to spend more towards the higher end of their budget. āAll things considered, thereās been a growth in the size of an average house in recent decades that I think is entirely uncorrelated with peopleās needs and wellbeing.ā
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