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When the inflation rate hikes, familial relations become a victim
In this brief article, I present three examples from the US, Italy, and Afghanistan to highlight the personal effects of rising inflation.
In an interview with the Marxist economist Richard Wolf, the American psychotherapist Dr. Harriet Fraad talks about the personal costs of inflation. She mentions that 1/8 of American children are facing hunger. Among black Americans, the rate is 1/5. The impact continues into school. Children from low-income families underperform mainly because they cannot focus on their classes; that is because they lack sufficient physical energy. Poor housing and hunger are correlated with asthma, which means that poverty and asthma rates go hand in hand. She details how American low-income families living in small apartments and packed houses get at each other throat often and fight a lot. I have witnessed this later effect of poverty -getting at each other throats- more often among my friends and families.
I have a friend in Italy who is a Ph.D. student. But he is also poor and has debt to pay. His relationship with the other family members has soured, and they often fight. There is an Italian family in our neighborhood. They are a family of three: an old father, a mother, and a son in his…