Inflation Hits 40-Year-High Despite Wage Increases, Job Market Growth

Wages are up and so are jobs. But on the flip side, we're paying more for everything from groceries to gas.

It is the number one concern for Americans: The economy. And the highest rate of inflation in 40 years. The painful reality is dragging down the president's poll numbers.  

All the while, there's been one persistent message: Things will get better with time. 

"Folks, America is coming back," President Biden said. "It really is."