For more than a year, the Federal Reserve has raised interest rates to lower inflation. Prices are still high, however, especially when it comes to necessities like gas and groceries. With a growing number of Americans living paycheck to paycheck, many are struggling to make ends meet.
“We’re looking at about $500 a week if not more,” Amber Bergeron of Dutchtown, LA told CBN News.
Earlier this year when food prices reached 4.7% higher than the year before, some took to social media to air their frustration.
“Inflation is out of control,” one consumer said on TikTok.
Amber is a stay-at-home mother of four. Her husband works as a tankerman in the oil field. She recently shared how tough it is trying to keep up with rising monthly expenses.
“Honestly I don’t know if gets any worse how much longer we’ll be able to keep our head above water,” Amber explained. “Our electric bill is projected to be $500. And then next month I can’t even imagine.”
Amber is not alone.
The standard of living for Americans has dropped in the last two to three years.
And according to a recent CNBC survey, 52 percent of adults said they have
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