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Inflation May Be Easing, but Drug Prices Aren’t

By Joe Cunningham

While the annual rate of inflation has thankfully come down from over 9 percent in June, December’s rate still came in at a whopping 6.5 percent—meaning Americans are still having to pinch pennies to make ends meet as inflation produces a de facto pay cut for most of us.

More than half of Americans are living paycheck to paycheck (63 percent, to be precise).

Credit card interest rates are soaring to an average of over 20 percent (which by the way makes progressives’ efforts to cap APRs at 36 percent on short-term, small-dollar loans to people with poor credit scores seem more laughable).

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