inflation
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With inflation affecting the cost of almost everything, some families may face even more hardships. Starting next month, March, recipients of the Supplemental Nutrition Assistance Program (SNAP) will receive only one allocation per month, reverting to their regular benefit prior to COVID. The reduction in benefits varies by household, with most families seeing between $95-200 […]
Inflation is putting a strain on America’s lower and middle-income wage earners. So when people with a lot of money publicly express concern over the rising cost of everyday items, detractors arise, claiming that it doesn’t even affect them. Cardi B happens to be one of those complainers, taking to Twitter to relay worry over […]
Inflation has driven up supermarket bills so much that, in some cases, it’s more economical to dine in a restaurant than it is to shop and cook. David Ortega, a food economist at Michigan State University said, “Consumers are seeing the price of groceries rise much more than the price of restaurants or fast-food establishments,” he […]
A new study found that with inflation the cost to raise a single child is over $300,000, that’s an average of over $18,000 a kid per year according to reports. The Brookings Institution came up with the price based on parents that support their child until the age of 17 making a lot of people […]
With U.S. inflation racing ahead worker wages, a growing number of Americans are taking on second jobs to make ends meet. Three-quarters of middle-income Americans say they don’t earn enough to pay for the cost of living, according to a recent survey. As the pandemic erupted in the U.S. in 2020, roughly 4% of employed […]
Inflation is 3 times higher this year. Americans in dire financial circumstances are swiping credit cards more frequently compared to last year. But they continue to hold back from dipping into savings and retirement accounts relative to last year. Some 13% of U.S. households found it very difficult to pay for their usual expenses from […]
Blame whoever or whatever you want but the inflation rate is increasing at the fastest pace since the early 1980s. With soaring prices for energy, vehicles and food. Inflation has been a top concern for months, and in March, the situation got even grimmer. Consumer prices jumped 8.5% from the prior year, according to new data from […]
It has been 35 years since the Dollar Tree chain committed to selling almost everything for $1, but now that is all set to change. The discount store will be surpassing the dollar and will now be $1.25. Since each year the value of a dollar is affected by inflation, which makes the maintaining of […]
As we have noticed in our day-to-day lives, it seems as though the price of everything is increasing. Recently, the US Bureau of Labor Statistics reported prices have gone up 6.2%. This is the highest it has been since 1990. In comparison to 2020, data shows food is up an average of 5.3% with some […]
The National Retail Federation predicts families will spend, on average, nearly $60 more on back-to-school shopping this year compared to last year. The demand for supplies, and inflation are affecting prices on everything from clothes to tech. Experts say it’s too early to tell whether there will be shortages of school supplies. They should have a better […]
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