Inflation Hits Working Class Much Harder Than Official Statistics Show

Inflation has hit working-class Americans harder than official statistics suggest due to a focus on discretionary rather than necessary spending
An alternative "Common Man" CPI shows inflation for basics like food, energy, clothing is up to 12%, higher than the official 9% CPI
Shelter inflation is underestimated in CPI, with housing costs up 80% not the reported 20%
Higher earners have benefited from asset price inflation while lower income wages lag badly behind inflation
Divergent experiences explain why public dissatisfaction is high while White House touts economic success