As a cost-of-living crisis looms world wide, the United States is not immune to the threat. Global inflation continues to increase, and economists warn of the US falling into a recession. The Federal Reserve raised interest rates (the first time in almost 20 years) which is a common tactic to bring inflation rates down.
Nevertheless, people are worried about how they'll afford their cost of living as Americans are already stretched thin as it is. People even went so far as to compare their cost of living in the past to what it is now to show the stark realities of Americans trying to survive.
How many of you have stopped going out to dinner or a night out?— David Espinoza ESPI's Opinion (@ESPIsOpinion) October 17, 2022
How long has it been?
For me 6 months.
It looks like my fellow millennials will finally be putting the avocado toast down.