Inflation Drives Up Cost Of Easter Dinner In The U.S.

The video discusses the rising costs of Easter dinner staples like ham, flour, and eggs due to inflation. Professor Thomas Smith from Emory University provides insights into the current economic situation, highlighting low unemployment and GDP growth alongside high inflation rates. Despite economic challenges, consumer credit card spending has increased. The discussion also covers the impact of inflation on real wages, emphasizing how rising prices affect consumer sentiment and spending habits.

In what ways are consumers' perceptions of the economy conflicting with their spending habits?

How do rising prices for essential goods affect consumers' feelings about the economy?