Do you splurge on bacon or hair dye? Before the coronavirus pandemic hit, did you just head to the movies or the bar? For as long as money’s been made, Americans have had to make choices on how to spend their hard-earned dollars.
Some years the choices have been easier than others with prices low and income high. Others, having to decide between transportation or housing seemed a bit more dire as the economy suffered and prices soared.
With the coronavirus wreaking havoc across the globe, Americans have been feeling the pinch not only in their paychecks, but their wallets, as the pandemic’s disruptions on the economy have caused an increase in the price of goods. The food at home price index, which includes the cost of items such as cereal, meats, fruits and vegetables, and nonalcoholic beverages, increased 4.3% from March 2020 to June 2020, after rising only 1.1% over the previous 12 months. Read more…..
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