Unless you're a high wage earner or a criminal making good money through illegal trade you are not going to see any slowing down of price hikes or even a peak/levelling off period until at least the end of 2024 (according to all the national stats, experts, and the bank of england) so for most low earners and families now is the time to start taking all this seriously and try to plan ahead for even more difficult times that are rapidly approaching.
Fuel, energy, food, essential commodities, housing costs, business costs, inflation etc, are going to continue to go up and up but wages aren't set to rise at a simlar rate to compensate for all this because business owners simply can't afford to do it so the next few years are looking even grimmer than the pandemic period and Brexit now. There is fucking no chance of the "return to normality" happening that we were all expecting when lockdowns ended.
We're at the stage now where nearly 40% of working class singles/low income families/and small to medium businesses, are all really starting to seriously struggle now and even go into serious debt just to try and survive. It's probably a lot easier for high income earners as they can just reduce the amount they usually save and carry on living their normal lives but that's not reality for the majority of people in this country who live from month to month and literally have nothing left to save after all bills are paid.
I cut back on all unnecessary spending during the pandemic to the point I was just living a very basic lifestyle for 2-3 years but over the past 12-18 months I've had to cut back even further so my life's at the stage of crisis point now and I'm really worried about my future. I've never bothered reading the news much in the past but I'm definitely a daily follower now and trying to find survival solutions.
Declaring myself homeless and asking for help is actually looking like a real possibility for me soon.
