How much is the war hitting American's bottom line?

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How much is the war hitting American's bottom line?

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Summary

There already was an affordability crisis in the U.S. How the war with Iran is making life more expensive.

President Trump says the economy is “roaring.”

That as Americans are paying an average price of $4.48 a gallon for gas on Tuesday.

A year ago it was $3.17.

The reason for that increase — the U.S.-Israel war with Iran, which resulted in the closing of the Strait of Hormuz.

Gas prices are just one measure of the cost of living in the United States. But they’re a significant one.

Martha Gimbel, executive director at the Budget Lab at Yale, weighs in on how the war with Iran is affecting American's bottom line.

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This episode was produced by Karen Zamora, with audio engineering by Ted Mebane.

It was edited by Christopher Intagliata and Courtney Dorning.

Our executive producer is Sami Yenigun.

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