Americans have been grappling with above-average inflation levels for nearly three years, impacting their finances and overall well-being. The strong job market has been a saving grace, helping households maintain stability and prevent a recession. However, the prolonged inflationary period has taken a toll on people's finances and mental health.
As the country heads into an election year, inflation has become a top concern for voters. During the recent presidential debate, both candidates pointed fingers at each other regarding the causes of inflation, highlighting the complexity and global nature of the issue. Stimulus efforts by both the Trump and Biden administrations have also been cited as contributing factors.
