Scanlon explains her philosophy of economic education in this excerpt from her book, “In This Economy? How Money & Markets Really Work.”

Prices have climbed persistently, yet the service is persistently scarce. That, in turn, hurts kids and undermines the labor force.

Higher global demand for the drink and climate change’s effect on supply are behind the upward trend.

This year, bigger-than-expected inflation reports are playing a role in determining when companies decide to borrow money by issuing bonds.

Rising costs have long been a concern for Americans. What’s changed is how the government intervenes in prices, economist Carola Binder writes.

The CBO data show purchasing power rising across all income groups, but the numbers reflect averages, and individuals’ experiences vary.

The latest figures, for April, suggest that rising prices, high interest rates and depleted pandemic savings may finally be weighing on spending.

Loans are a big cost, but they would muddle the data in the CPI. Fed rate hikes would essentially create inflation, despite their intention.

Consumers forecast inflation at 3.3% this time next year and are less confident that their earnings will rise as much as they had expected.

The credit bureau TransUnion is out with a report showing that borrowers aged 22 to 24 are carrying an average of $2,834 in credit card debt — about a quarter more than millennials in the same age range a decade ago.