“We already cut back everything we can cut back.... It’s become obvious one of us has to go back to work.” Signs are mounting that high inflation is helping propel more people—including retirees—back into the labor force, economists say.
The last time inflation was this high, the Federal Reserve raised rates so much that it put the U.S. into a recession. Will we see a repeat of that today? WSJ’s Dion Rabouin breaks down why the Fed’s next steps are crucial.
Photo: Kevin Dietsch/Getty ImagesSigns are mounting that high inflation is helping propel more people—including retirees—That is good for the economy overall, as a growing workforce boosts the economy’s growth prospects, and it could ease staffing shortages that have pushed up wages and added to price pressures. But for many people, including those relying on pensions or limited savings,
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