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Tag: cost of living

Shoplifting and violent crime are trending as inflation and the cost of living spiral higher.
Shoplifting and Violent Crime on the Rise as Cost of Living Spirals Out of Control
Violent crime and shoplifting have been on the rise in the U.S. since the onset of the Coronavirus Disease 2019 (COVID-19) lockdown and mandate regime, with officials accusing pandemic-related stress and slackened crime laws as...
First time shoplifters are on the rise amid skyrocketing inflation.
First Time Shoplifters On the Rise as Inflation Runs Wild
A UK industry magazine reported an exponential hike in first time shoplifters in Britain, theorized as spurred by the need to support the most basic life necessities. However, what is striking is that there’s a...
Visa and Mastercard will hike fees charged to businesses known as interchange fees in April despite massive inflation, according to reports.
More Bad News for Consumers: Visa and Mastercard Will Hike Merchant Fees In April
As North American households struggle to survive amid wildly surging inflation caused by pretexts of supply chain issues arising from Coronavirus Disease 2019 (COVID-19) and the Russia-Ukraine conflict, the only news seems to be more...
Target will raise the minimum wage for some hourly employees in some locales to $24 per hour amid cost of living woes.
Target Raises Minimum Hourly Wage for Some Positions to $24
Retailer Target announced it would raise the minimum wage for some workers from $15 to $24 per hour to counter inflation and compete in an increasingly tightening labor market. Target, which employs some 350,000 employees...
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Nearly Half Of Americans Earning Over 100k Living Paycheck-to-Paycheck, Report
According to a recently published report by LendingClub Corporation in partnership with PYMNTS.com, 48 percent of Americans earning in excess of $100,000 per year are living paycheck to paycheck.  To compile the report PYMNTS.com collected ...
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Over Half of Canadians Struggling With Cost of Living, Angus Reid Poll
According to new data released by the Angus Reid Institute (ARI) on Feb. 28 over half of Canadians say they feel as though their incomes are outpaced by the rising cost of living.  As the...
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As Fuel Prices Soar, Experts Warn Americans to Brace for Further Increases
Fuel prices across the United States continue to soar as experts warn that prices have not yet peaked.  According to data from the American Automobile Association (AAA) taken at press time, the average price of...
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Bank of England Hikes Interest Rates in Bid to Battle Inflation
In an attempt to rein in inflation the Bank of England (BoE) on Thursday voted to raise interest rates to 0.25 percent from a record low of 0.1 percent, stunning economists who believed interest rates...
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Panic at the Fed: Interest Rate Increases Coming as Inflation Soars
On Wednesday Dec. 15, the Federal Reserve (Fed) lifted its forecast for U.S. inflation in 2022 to 2.6 percent, up from its prior estimate of 2.2 percent, sending signals that price pressures won’t dissipate for...
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Inflation in US Alarmingly High But Might Ease Next Year
Inflation in the United States is not showing any signs of abating. On Dec. 10, the Labor Department reported that consumer prices rose 6.8 percent in November compared to a year ago. This is the...