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A post-pandemic study in the International Journal of Environmental Research and Public Health found that more than three-quarters of working age Americans have experienced inflation-related stress. And despite lowering rates of inflation in recent months, the stress level continues to rise…
Worrying about money is nothing new, but we know that finances are a key social determinant of our health. With the cost of living rising, retirement plans producing lackluster results, and credit card debt figures through the roof, it’s no wonder that people across the country are stressed about their finances.
A poll by Gallup found that 45% of Americans rate the economy as poor, and 63% say that high prices are causing moderate or severe financial hardships in their lives.
These elevated prices are the new normal in today’s economy. The cost of many goods, including groceries, skyrocketed during the pandemic, but they haven’t gone down. In fact, companies are continuing to raise their prices and expanding their profits on a regular basis. Companies have seen the consumer is expecting prices to rise, so they know they can get away with charging whatever they’d like. Heard of shrinkflation or greedflation?
Plus, some experts warn that we will see inflation surge once again.
With that in mind, it’s important to remember that we cannot allow these external factors to dictate our quality of life. The Fed is playing a balancing act, trying to reduce inflation without triggering a recession… We’re in a really interesting spot when it comes to interest rates and inflation, and I’m not sure there’s a clear way out.
As I’ve been saying here on this channel, there’s never been a more important time to get your finances in order, pay down expensive debt, and start building sustainable streams of income. Instead of feeling uneasy and anxious about all of these factors that we cannot control, I hope the resources on this channel can help you feel empowered about your ability to create your financial future.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

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