As many officials are admitting we may see “a mild recession” this year, consumers are already feeling the pinch of less spending power. Inflation is cutting into spending power, credit card bills are piling up, and more consumers than ever are living paycheck-to-paycheck, even those with six figure salaries.
As consumers run short of cash, food banks are running short of food. As layoffs mount, keeping people housed will become a equally-large challenge.
Published 4/20/2023. Read the full article.