How inflation's wrath, recession fears are (quickly) creeping into middle-class America [USA TODAY]
Dollar General Corporation (DG)
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Source: USA TODAY
Now, 40-year high inflation and rising recession odds are growing concerns for the middle class too. Many of them are cutting back spending and trading down, even frequenting dollar stores. When anesthesiologist June Lee's friend asked whether she wanted to go to a baseball game this summer, she paused. The seats were considered “cheap seats,” but they were still $100 per ticket (she needed four for her family), plus the cost of any food, beer and transportation. Weighed against the soaring prices of everything, a double-digit decline in her 401(K) balances and potential recession, she said thanks. But no thanks. “I am in full recession mode,” Lee said. “Normally, I wouldn't give it so much thought. That's the first time I've ever done that.” She's not alone. As inflation continues to surge and linger above a 40-year high , middle-income Americans are now feeling the squeeze along with their lower-income counterparts, economists say. And that could spell deeper pain for t
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