Samuel Carpenter | The cost of our stuff - NewsBreak
By Vivian in Business
Updated 3 years ago
When stuff at the store costs more, that means prices have gone up. That is called inflation. Let's say you lived on an income of $30,000 last year. What if this year, the same stuff you bought last year now costs $32,000. If your income is still $30,000, you are now $2,000 short. This phenomenon leads to credit card debt.
