The food inflation crisis in the developing world has been front-page news. But spiraling food prices are much of a developed world problem, too. The highest inflation in 50 years has forced them to change their shopping and eating habits—including cutting back on how much they tuck away at meals. Call it “dietflation”.
Not only that, in terms of the mortgage burden, a median house today is almost as unaffordable as it was in 1981 when mortgage rates peaked at 18.39%—and more than 3x costlier compared to 1970: