As the world recovers from the damage done by the pandemic, inflation has taken hold, and it looks like it won’t be going away anytime soon. Because of inflation, everyday product and service prices have dramatically increased compared to prices a few years ago, making many things unaffordable.
1. Homeownership
- Image Credit: Shutterstock/Roman Samborskyi.
For women, one of the most significant casualties of this period of inflation is delaying or even forgoing buying a home. For renters, the increasing cost of monthly rent payments prevents them from saving on a down payment for a house.
2. Disposable Income
- Image Credit: Pexels/Andrea Piacquadio
Despite working a full-time job and a part-time side gig, a respondent on the thread feels they can’t get ahead financially because they have to use their part-time wages to pay for essential bills and expenses instead of saving.
3. Grocery Shopping
- Image Credit: Shutterstock/Prostock-studio.
Several people reply that higher prices force them to change their grocery shopping habits. They no longer splurge on spices, snacks, and expensive cuts of meat and visit the grocery store less often. One person states they’re “spending far more on groceries than I’ve ever spent in my life.”
4. Having a Baby
- Image Credit: Shutterstock/Ground Picture.
Waiting to start a family or expand their family because of inflation is a common lament on the thread. Between the high costs of childcare and essentials like baby formula, quite a few people in the forum express their concerns about having a baby or growing their family at this time.
5. Entertainment
- Image Credit: Shutterstock/Stock-Asso.
Attending concerts, going to the movies, and other forms of entertainment are proving far too expensive for budget-minded women. Some users on the thread were willing to sacrifice other things to participate in these social activities, but most were committed to staying within their budgets.
6. Dining Out
- Image Credit: Shutterstock.
7. No More Free Time
- Image Credit: Shutterstock/Ground Picture.
Workers on the forum describe working overtime to make ends meet, working longer hours if they’re self-employed, and working side gigs so they can afford to pay their basic living expenses. The high inflation rate means free time is a luxury they can’t afford to have right now.
8. Travel
- Image Credit: Pexels/Victoria Akvarel
9. Gym Memberships
- Image Credit: Shutterstock/Bojan Milinkov.
Another casualty of inflation is canceling or not renewing gym and fitness class memberships. When you’re struggling to pay for living expenses, going to the gym or a fitness class becomes a luxury many women can no longer afford.
10. Financial Security
- Image Credit: Shutterstock/Nutlegal Photographer.
Finally, for many commenters, inflation has destroyed any semblance of financial security they had before, making their current economic circumstances and futures uncertain.
They either have no savings or rely on their savings to pay their bills. Rising prices offset even pay raises. One person on the thread asks, “How tight am I going to stretch a dollar? What next must I drop from my life because I can’t afford it?”
More From Savoteur
America is a vast country comprising 50 states. It is home to many natural wonders and influential talents in the world. Despite political and cultural controversies, many dream about one day visiting the country.
Because of TV and media representation, the dreams people who have never been to America have may be outrageous and far-fetched. For this reason, citizens laugh when they hear what non-citizens think about the country. Americans say these are the top misconceptions and things most folks don’t understand about the U.S.
12 Big Things Other Countries Don’t Understand About America
Top 10 Countries With the Absolute Worst Cuisine in the World
Have you encountered a country of terrible foods in your traveling endeavors? You’re not alone. After someone asked travelers, “What country has the worst cuisine overall?” These are the top-voted responses.
Top 10 Countries With the Absolute Worst Cuisine in the World
10 Famous Places People Voted Aren’t Worth the Visit
Isn’t traveling great? You get to witness various cultures, live new experiences, and see other parts of the world. But with travel comes a reputation for popular destinations, the good, the bad, the overrated, the underrated, etc. Here are a few places tourists in an online travel forum advised against visiting.
10 Famous Places People Voted Aren’t Worth the Visit
Top 10 Most Forgettable U.S. States According to Americans
Sometimes it’s easy to get selective amnesia toward certain states. It may happen for many reasons; maybe you visited the state once, and nothing was memorable or striking about it. Or perhaps it gave you bad memories on the first visit — first impressions matter a lot. According to regular voyagers, these are the top most forgettable states.
Top 10 Most Forgettable U.S. States According to Americans