As the cost of living increases and inflation gets worse around the world it is playing a critical role in diminishing the hope of many.
How are they supposed to think the future is going to get any better when they continue to struggle just to get by? Stress related to finances is at an all time high right now, with some estimates suggesting that about 42% of US adults say that the stress from finances is negatively impacting their life and mental health.
Having this financial stress grow for so many isn't good for the well-being of the community as a whole. It could lead to more broken lives and broken families, placing even more pressure on an already stressed healthcare system.
Through the pandemic there might have been a lot of impulse buying that many engaged in and now they are paying the price for having run up the debt during that time. It might have been ordering food out more or eating more in general because they were at home. That isn't the case for everyone though. Even for those who might be working 3 or 4 jobs between them as a couple it can still be a struggle to pay all the bills on time, and there is little wiggle room the more that inflation grows.
Gas prices, rent, and food prices going up are pushing individuals to their financial limits.
In some countries we see the pressures have pushed many already to taking to the streets to air their frustrations with politicians.
The more that people are forced to watch their own dollars as well perhaps we can expect that the more they will care when they see politicians carelessly spending their money, or will they?
As more people feel that hopelessness like they are barely struggling to survive it will push more to take to the streets to protest over that struggle as we have seen repeatedly taking place around the world as economic turmoil grows and pushes more into a struggle of poverty.
To try and deal with the situation at home millions are already making small cuts to their lifestyles to accommodate that inflation and rising cost of living. This has included making changes like
Some individuals who are struggling financially have even taken to selling their plasma to earn enough money to keep a roof over their head and feed their families. That isn't the typical situation you might expect to see in a country like the United States which has a reputation around the world, thanks to the media and movies etc, for its prosperity.
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