Many Cash-Strapped Americans Feel the Sting as the Cost of Living Spikes

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Many Cash-Strapped Americans Feel the Sting as the Cost of Living Spikes
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More consumers are struggling as the cost of living rises across the board.

gave many Americans a boost heading into 2022, making them more willing to pay higher prices for goods and services.the fastest annual paceReal earnings were up 5.6% from a year ago while real average hourly earnings had a seasonally adjusted 0.8% decline last month, according to Bureau of Labor Statistics data.

Taylor Byers, 29, was recently named a director at Boca Communications in San Francisco, but even after the promotion and her pay increase, she said she is still struggling to make ends meet. "I am not able to save at all," she said, noting that she's trying to put some money away for her upcoming wedding.

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