When I asked you to tell me how inflation disrupted your plans for the summer, I expected to hear about struggles on issues such as: gas, groceries, vacation. But we also heard something else. Many of you have vented your frustration that the world is opening up again and people are being forced to return to 'normal' - to come together and connect - but they literally can't afford to do so. What are you giving up?” A common answer to our question. Essentially, it was to see family and friends. After two years of social isolation, this moment of separation is especially painful.
Making this experience of high inflation an unwelcome novelty for anyone under the age of 40 is particularly disappointing as we seem to be caught up in an unstoppable economic trend. To do. The pandemic's endless freight costs, congested ports and labor shortages are met by a war in Ukraine that is pushing up global oil, fertilizer and food prices even further.The Federal Reserve is trying to stem the worst of inflation. We're raising interest rates, which makes mortgages and other loans more expensive.
The good news is if the Fed succeeds in cooling the economy, or if pressure from other big pieces of the puzzle eases (as is starting to happen with fuel prices), we feel It means that Some disappointment with almost everything we consume. And with each category of costs there are other glimmers of hope for relief.
Until then Ellen H. Bradenton, Florida, sadly said: It's the result of decades of savings and budgeting. We are still waiting to see how this country will wake up from this ordeal and when we will be able to reunite with those who have gone missing.
