Cost of Living Crisis Continues As Job Market Wanes

AI BRIEFING

• ⬤ Cost of living crisis continues to worsen, with record-high credit card debt and a third of adults raiding their savings in the past few months.
• ⬤ Housing costs, coffee prices, and medical care are rising sharply, forcing people to rely on debt to survive rather than buy what they need.
• ⬤ The flailing job market, driven by technological advancements, is exacerbating the crisis, leaving people struggling to make ends meet.