The sun rises and sets, but the prices of goods and services in this economy only keep rising.
Since the start of the Biden administration, people have experienced inflation. Initially, some called the inflation transitory, suggesting that prices would soon fall and things would go back to normal. But that has not happened. All the experts, the analysts, the hopeful
Inflation hurts. What hurts even more is prolonged inflation that continues to erode the value of money.
Each and every day, we are losing our global competitiveness. As inflation continues to hurt our economy, consumers are losing confidence. Investors are losing hope and members of the working-age population are feeling discouraged.
Senior citizens and people with limited income are also facing growing financial challenges. People are taking money out of their savings to pay for everyday groceries and bills, because of inflation.
When the economy is in a bad state, all aspects of people’s lives are affected. We continue to see that in spite of hard work, people are not seeing any improvement in their financial situation–because of inflation and all the associated economic problems.
When will the economy improve and when will prosperity be within reach once again? If you know the answer, please share.