As the second-largest employer in North Carolina with a $11.6 billion endowment and over $4 billion in properties, Duke University owns 11 percent of the land in Durham County, But for many Durham residents, Duke’s financial contributions to the city have failed to keep pace with the university’s massive profits.
Recently, inflation for the price of food, fuel and other staples hit a record 30-year high. Inflation corresponds to a decrease in purchasing power. When the price of a good increases, the purchasing power of the dollar can buy fewer goods and services. Duke University economists recently discussed the causes of inflation from pandemic relief and how it can affect a day-to-day life.