Gasoline is up 60% in a year, while groceries are up 12%. Rent is seeing its highest monthly rise in rent since 1986.
All of those hikes are straining Karen Martin, a 911 operator near Tampa, Florida. She is a single mom raising two sons while making less than $20 an hour.
Consumer sentiment hit a record low last month as new polling shows 42% of Americans are struggling to remain where they are financially, nearly double from a year ago, and 85% think the economy is getting worse. Some are forgoing bills or medications and many others are turning to assistance programs like food banks.
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