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this post was submitted on 28 Apr 2024
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Given that most people are living paycheck to paycheck, that means they're simply not able to absorb continued increase in cost of living. Meanwhile, we see inflation keep climbing while salaries are stagnant. Something will definitely have to give here.
https://fortune.com/2024/02/01/emergency-1000-expense-most-americans-broke-debt-bankrate/
pg&e announced they'll be trying to curb their planned annual electricity and gas price increases to under 5% from the current nearly 20% over the past two years