The pandemic hit personal finances in one way or another. Thankfully, stimulus checks and other forms of assistance got most of us through. But unfortunately, employees are now confronted with just as difficult as the quarantines: rapidly rising inflation.
The rate of price increase is swallowing up most of the pay raises folks are receiving. Many adjustments must be made to cope with the new higher costs. It will not be easy for many people because they live from paycheck to paycheck. Others have taken on car loans and other debt obligations. There is a genuine chance that some people will be facing bankruptcy or foreclosures because everything is becoming so expensive. Continue reading