Over the last three years, inflation has been a major concern for the average American across the country, impacting various aspects of daily living. From the cost of housing to transportation and food, rising prices are affecting budgets and financial stability. At IACFB Magazine, we recognize that all of our readers have a personal “Misery Index, and making ends meet at the end of the month can be challenging. To this end, we are conducting a “Misery Index” poll to gather insights on how inflation is affecting your monthly expenses.
Housing Costs:
The housing market has seen significant changes, with prices soaring in many areas. Whether you’re renting or owning, the increased costs of housing can strain your budget. We want to hear about your experiences. Have your rent or mortgage payments increased? Are property taxes or utility bills adding to the financial burden? How much of a monthly increase have you seen over the last three years?
Transportation Expenses:
The cost of transportation and auto insurance premiums are another area where inflation is taking its toll. From the price of gasoline to public transportation fares, getting from point A to point B has become more expensive. Over the last three years, how have these transportation and insurance changes affected your monthly budget?
Food Prices:
Food prices have also been on the rise again, with last month up 2.7%, making grocery shopping a more costly affair. Whether it’s staples like bread and milk or fresh produce and meat, the impact of inflation is evident in our grocery bills. Many are making changes to their eating habits or shopping strategies? We are interested in knowing how your food expenses have changed. Are you finding it difficult to stick to your grocery budget? How much more are you spending every month on food in the last three years?
Share Your Experience:
Your insights are valuable to us. By participating in our poll, you can help shed light on the real-world effects of inflation on everyday expenses. Your feedback will contribute to a comprehensive understanding of the current economic climate and help us provide more relevant and impactful content for our readers.
Take the Poll:
Please take a few minutes to complete our poll and share your experiences with rising monthly costs. We will post results on LinkedIn on our factoring broker group. Your participation is appreciated.
