How to Combat Financial Stress During Inflation
According to the Bureau of Labor Statistics, the Consumer Price Index increased by 8.6% from May 2021 to May 2022. This was the largest 12-month increase since the period ending in December 1981. Most people are keenly aware of just how high the cost of living is. It costs more than it ever did to fill up your gas tank, put food on your table, pay your student loans and rent, and make ends meet. Forget vacation or savings! Now more than ever, quarterlifers are stressed about having a job that they enjoy, that pays enough, and that will help them through this rocky time in the U.S. economy. If you’re feeling pinched by recent inflation, here are some tips that can help. 1. Prioritize what you can control You may feel a punch to the gut every single time you go to the pump or check out at the grocery store. Prices are higher than they’ve ever been, but this isn’t something you can control. You need both gas and food — they are necessities. However, if you’re feeling like your money just ...