Americans Earning Less Than $100k Struggle To Afford Day-To-Day Living Expenses   ...Middle East

The phrase “cost of living crisis” has cropped up constantly since inflation started to sky-rocket in 2021, but what does it really mean for American workers on the ground?  While inflation has thankfully slowed to 6 percent (the lowest since September 2021) after it peaked at 9.1 percent in June of last year, the consumer price index (CPI) rose 0.4 percent in February after increasing 0.6 percent in January.   Federal Reserve chair Jerome Powell told Congress in March its aim is to reduce interest rates to as little as 2 percent, however Powell hinted that inflation would have to continue to increase in the coming months.  Average hourly earnings are up  And although average ho

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