All articles tagged with #cost of living
CNN data analyst Harry Enten says Trump’s proposal to cap credit-card interest at 10% is generating huge interest and could be great politics, tapping into widespread concerns about the cost of living and showing bipartisan appeal; but the plan’s passage is only about a one-in-three odds, suggesting a political win that may not translate into policy.
NPR tracked 114 items at a Savannah-area Walmart and found overall prices up about 5% in 2025, with sharp increases on items affected by tariffs and weather, some staples cheaper (eggs, butter), and Walmart expanding discounts as shoppers tighten budgets; the broader cost of living rose 2.7% year over year.
US consumer prices rose 2.7% year over year in December with a 0.3% monthly gain and core inflation at 0.2%, keeping price pressures above the Federal Reserve's 2% target and fueling political blame over the cost of living as Trump pushes policy changes amid DOJ subpoenas to the Fed.
Greece was named the best place to retire in International Living’s 2026 Global Retirement Index, praised for pristine beaches, a timeless Mediterranean lifestyle, affordability, safety, and retiree visa options like the Financially Independent Person (FIP). The piece highlights the Peloponnese and islands such as Corfu, notes extensive Blue Flag beach coverage, and mentions potential dual citizenship after seven years. Practical details include one-bedroom rents around $820–$1,060 and affordable healthcare, underscoring Greece as a compelling, long-term retirement destination.
Debt charities report an unprecedented surge in calls for help in January, driven by financial stress from the holiday season and rising living costs, with many seeking assistance late at night and struggling to pay priority bills, highlighting the need for early intervention and support.
Almost 24 states and numerous cities are raising their minimum wages in 2026, with most reaching or exceeding $15 per hour, significantly above the federal minimum of $7.25, to help workers cope with inflation and economic challenges.
Keir Starmer emphasized the importance of focusing on cost-of-living issues and positioning Labour as a renewal force against Reform UK, which he accused of fostering division, as the party prepares for the 2026 elections amid declining polls and political challenges.
The subway fare in New York City increased to $3, sparking frustration among riders who feel the service quality does not justify the higher cost, amid ongoing transit improvements and fare hikes across regional transit systems.
A charity reports that nearly one-third of Londoners aged 16-55 cannot afford basic hygiene products, leading to significant impacts on their daily lives and opportunities, with calls for coordinated efforts to end hygiene poverty.
In 2025 and into 2026, the US economy exhibits a K-shaped recovery, with wealthier households benefiting from stock market gains and lower unemployment, while lower and middle-income households face rising living costs, mounting debt, and financial hardship, leading to a divided economic landscape.
In 2025 and into 2026, the US economy exhibits a K-shaped recovery where wealthier households thrive while middle- and lower-income families face increasing financial hardships due to persistent inflation, rising household debt, and uneven economic gains, leading to financial strain for many Americans despite positive macroeconomic indicators.
Philadelphia residents faced significant increases in utility bills in 2025 due to rising electricity, gas, and water rates driven by infrastructure investments, inflation, and increased demand, with further hikes expected in 2026, impacting affordability and budgeting for many households.
Most Americans link the worsening climate crisis to rising living costs, opposing Trump’s policies to cut climate research and halt renewable energy projects, with a majority viewing climate change as a key factor affecting their bills and quality of life.
A CBS News poll shows Americans are concerned about the high cost of living and have mixed views on President Trump's economic policies, with most rating the economy poorly and expecting little improvement in 2026. Issues like AI, immigration, and healthcare remain prominent, and public opinion is divided on Trump's impact and approach to these topics.
In Allentown, Pennsylvania, residents express frustration over high living costs despite former President Trump's optimistic economic claims, highlighting the political and economic tensions ahead of the 2024 midterms, with local officials and voters divided on the economy's state and responsibility.