Economy

Inflation is skyrocketing, and I’m sure you’ve noticed $2 chips costing nearly $5. People’s income is just enough to cover their rent and necessities with barely any flexibility for spending on themselves. There’s so much debt that some are stuck to afford to go out for dinner, and these businesses are suffering. Store owners are switching out their food for frozen alternatives, so it can last even with no customers coming in. However, prices aren’t dropping because some people use their stimulus checks from COVID to spoil themself, so it keeps the price unaffordable for most. Economists believe that inflation could decline, but it may lead to a recession.