Inflation effects linger in economy, as a Boston hotel worker’s story shows

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In the summer of 2023, William Brown was taking on credit card debt as the cost of his rent and groceries jagged up. His goals to buy a home and start a business were slipping out of reach.

The 25-year-old earned around $28 an hour as a night houseman on the evening shift at Omni Boston Hotel at the Seaport. The inflation rate was falling, but he, like many Americans, was paying for a year of price spikes.

He decided he needed a second job and took one at another high-end hotel. Working two eight-hour shifts each day, he had 30 minutes to speed on his moped from one to the next. He was only at home to sleep, and only slept four hours each night. He lost 20 pounds and felt “loopy” and “robotic” from sleep deprivation, he says.

Why We Wrote This

Inflation has come way down in the past two years. But the issue might have decided the recent presidential election, and its effects still weigh on many Americans.

The mother of his 3-year-old daughter told him he was making things harder for her, he says. “Well, that’s not what I’m trying to do,” he thought at the time.

He was trying to ease the burden of inflation on his family. Prices rose quickly in 2021, with the inflation rate peaking at 9.1% in June 2022 and stabilizing at around 3% by the following summer. But even with the falling rate, prices now are around 20% greater than in 2021.

People like Mr. Brown are still feeling the aftershocks. Inflation can have long-term consequences, particularly for lower-income people, according to a study by Stefanie Stantcheva, a professor of political economy at Harvard University.



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