1. Set Focus
In what ways does having to pay more for things affect American families?
2. Read and Discuss
Have students read the article, marking key ideas and questions. Then ask them to answer the following questions, citing text evidence:
- What is “shrinkflation”? Why is it called that? (Shrinkflation is the practice of a company decreasing the size or amount of a product while charging the same price. The name is a combination of the words “shrink” and “inflation” because the effects of shrinkflation are similar to price inflation—consumers get less for their money.)
- According to the article, why do companies practice shrinkflation? (According to Edgar Dworsky, companies know that people tend to be price conscious but don’t usually pay attention to the amount of product in the package. So instead of raising prices, companies shrink the product.)