In January, inflation raised the cost of energy and food by almost 1%. Over the last year, those costs are up significantly. I’m lucky to be earning more than last year due to a recent promotion, but I’m finding it harder to afford these essentials.
Families like mine were fortunate that the child tax credit was distributed monthly last year, to offset rising prices. However, the end of these payments in January disrupted the finances of families everywhere. The disruption could easily be solved by legislators if they’re willing to compromise on the credit.
