Will Inflation Be the Straw That Breaks the American Middle Class?

Few Americans not currently attending a quarterly earnings call have anything positive to say about the ongoing slope of inflation in the US. Still, few can decisively predict the long-term impact it signals. Are we merely witnessing the latest tour of economic hardship for a beleaguered population, or is this the long-foretold death knell of the American middle class?

Inflation in recent months has reached levels not seen in two generations in the US, and everyday Americans are feeling the h...