Why is there a cost of living crisis

The cost of living crisis is happening because the prices of everyday items, like food and rent, are going up faster than our wages. This means it’s getting harder and harder for people to afford the things they need. For example, the average price of a gallon of milk used to be around $2.50. Now it’s closer to $4.00! Rent has also gone up a lot in the last few years. It’s become so expensive that many people are having to live with roommates or family members just to make ends meet. Here’s a fun fact: the price of a gallon of milk has gone up almost 60% since the year 2000! That’s a lot. The cost of living crisis is affecting people all over the world. In the United States, the average family is spending almost 50% more on basic needs than they did a few decades ago. That’s why it’s so important for us to understand the issue and look for ways to support those who are struggling.