More left-leaning media sound alarm on expensive holiday season: 'Highest grocery tab you've had in decades'
Fox News
More media outlets are admitting this year's holiday season will be the most expensive in decades as the U.S. inflation rate appears to have no signs of slowing.
"Inflation Rate Set to Spoil Holiday Season for Struggling Families," the Tuesday piece from Amelia Pollard and Olivia Rockeman read.
"Retailers are forecasting a record holiday spending season," the authors wrote. "But for one in ten Americans, prices rising at the fastest pace in 30 years will dampen the Christmas spirit. Inflation is especially taking a toll on lower-income families, who spend roughly a third of their earnings on essentials like food and energy. It’s eating into recent wage increases, and the timing couldn’t be worse after federal pandemic relief expired for about 7.5 million people."