Rising housing costs have made homeownership increasingly unattainable for many, leading to higher rents and mortgage payments.
Healthcare expenses, including insurance premiums, deductibles, and out-of-pocket costs for medical services and prescription drugs, have become more burdensome for individuals and families.
The cost of tuition and fees at colleges and universities continues to rise, making higher education less accessible for many students and contributing to mounting student loan debt.
The cost of childcare has skyrocketed in recent years, posing a significant financial strain on families with young children and impacting workforce participation, especially for parents with limited income.
Food prices have been on the rise, particularly for essential items like meat, dairy, and fresh produce, putting pressure on household budgets and affecting food security for low-income individuals and families.
Increasing fuel prices have a ripple effect on transportation costs, impacting commuters, businesses, and industries reliant on transportation for goods and services.
The cost of utilities such as electricity, natural gas, and water has increased, resulting in higher monthly bills for consumers and adding to the financial burden of maintaining a household.
The price of new and used vehicles has surged, driven by factors such as supply chain disruptions, semiconductor shortages, and increased demand, making it more difficult for individuals to afford reliable transportation.
The cost of travel, including airfare, accommodations, and recreational activities, has risen, making vacations and leisure travel less affordable for many people.