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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 Consumers’ Research (CR) in a Feb. 24 webinar.

Cass spoke at ā€œThe 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.

ā€œLooking at your budget and asking, ā€˜what is the most my budget can afford?’ isn’t 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. ā€œAll things considered, there’s been a growth in the size of an average house in recent decades that I think is entirely uncorrelated with people’s needs and wellbeing.ā€

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