promoearn: The Daily Money: 3 less-obvious ways inflation is really getting to us

Tuesday, June 21, 2022

The Daily Money: 3 less-obvious ways inflation is really getting to us

ALL THE MONEY NEWS YOU NEED TO KNOW

Tuesday, June 21

Good morning and happy Tuesday to you, dear Daily Money readers. It's Jayme Deerwester, back with you after the Father's Day and Juneteenth holidays.

Today, I woke up to the news that cereal giant Kellogg is splitting into three different companies. I just want to know if Tony the Tiger, the Rice Krispie Elves and the Sugar Smacks Frog will still get cubicles near each other.

And because – unlike new college grads – my timing has always been and will always be comically bad, I apparently missed out on my chance to eat lunch with Warren Buffett. Also, I lacked the $19 million to secure the winning bid. (Minor detail!)

Harassed online? You're not alone.

A new survey from the Anti-Defamation League says people are still reporting alarmingly high rates of hate and violence on the world's most popular online hangouts.

Nearly two-thirds of women, people of color, Jews and others from marginalized communities report experiencing harassment on social media because of their identity, according to the survey, an advance copy of which was shared exclusively with USA TODAY.

LGBTQ+ respondents were more likely than any other group surveyed to experience harassment: 66% versus 38%. More than half – 53% – attributed the harassment to their sexual orientation.

Asian Americans reported a dramatic increase in harassment, from 21% in 2021 to 39% in 2022, mirroring the rise in anti-Asian hate incidents offline. Jewish respondents were more likely – 37% compared to 14% – to attribute harassment to their religious identity.

Women were more than twice as likely to report ever experiencing sexual harassment online as men with 40% attributing the harassment to their gender. Among non-white women, 81% attributed being harassed to aspects of their identity.

5 subtle ways inflation is affecting us

Rising inflation also can influence your borrowing, saving and even volunteering patterns. Here are some of the less-obvious ways that some people are feeling it.

Fewer people volunteering: As gasoline prices have surged, volunteer help or engagement has dropped as consumers look to cut back on non-essential driving.

Less-generous tipping: "Inflation is cutting into consumers' purchasing power," said Ted Rossman, a senior analyst at CreditCards.com. Also, "A tight labor market has left many service-industry businesses understaffed and struggling to provide top-notch customer experiences."

Shrinkflation: Grocery items continue to rise in price, and many suppliers have responded by cutting package sizes. Passing along price increases indirectly in this manner is known as shrinkflation, and it seems to be accelerating.

🎵 Mood music 🎵

In light of that disturbing story about the rise in online hate, I'm going with TLC's "His Story," a 1992 track that emphasizes the importance of speaking out against harassment and having it taken seriously when we report it.

"You can't put yourself in a position to be neglected and disrespected. You have to do what's not expected. Or we'll all be his story."

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. It even comes with its own Spotify playlist a listen. It features every song quoted here.

Follow Jayme Deerwester on Twitter – or Instagram, if you prefer puppy pictures. (Why? Because everybody loves puppies!)