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People shop at the Pioneer Supermarkets on January 12, 2023 in the Flatbush neighborhood of Brooklyn borough in New York City.
Michael M. Santiago | Getty Images
There’s one group of people that’s being disproportionality hurt by high inflation: women.
The relentless rise in prices hurts women two-fold. First, a jump in child care prices has started to pressure women out of the workforce. Child care costs in the U.S. have outpaced wage growth in recent years, with day care and preschool prices jumping 5.7% year over year in February 2023 and 25% over the last decade, according to the Bureau of Labor Statistics. Child care inflation, which has increased 214% from 1990 to 2022, has outpaced…
Source cnbc.com
