'What we see here is a barbell effect where we have people at the top and we have people at the bottom and fewer people in the middle. What inflation does is maybe drive a bigger wedge between those groups.'
He says that inflation puts a brighter spotlight on what so many people have already faced.
"That's money that could be going towards food. That's money that could be going towards gas," Carter said."So while for folks of means, this may not seem like a lot, but this can really be a hardship, especially in situations where parents have multiple children.
"When we have this separation between those who have and those who do not have, that's where a lot of these economic problems can fester," Carter said,"We try to get people in proximity with each other because these are your neighbors."
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