Inflation looks to be increasing rather than diminishing as time passes. Meanwhile, incomes in the United States aren’t even close to keeping up with rising costs across the board.
The White House has attempted several times to persuade Americans that inflation isn’t as serious as it is. Despite the Biden administration’s claims that inflation is a middle-class problem that would pass, the reality is very different.
Not the elite, but the middle and working classes are being eaten alive by inflation. As it approaches its one-year anniversary, inflation is far from transitory.
Meanwhile, Americans have recently received more terrible news regarding interstate travel.
Americans who want to travel within the United States can expect to spend far more money than they have in the past.
Nah you don’t travel. These prices are insane for domestic flights 8 weeks out. They’re trying to recoup the money they lost during COVID https://t.co/0KWd3kueAP— Planet Jackson (@Dimendolla) April 6, 2022
Domestic ticket rates are 40 percent more than they were before 2022 began, according to data from Hopper, a fly booking company. The average cost of a roundtrip domestic flight is $330, according to this website.
The higher expenses are being passed down to travelers, with jet fuel being 40% more expensive than it was at the start of 2022.
United Airlines, along with Southwest and Delta Airlines, said last month that they will raise trip fares to compensate for the higher cost of jet fuel.
Everyday life is becoming more expensive for Americans around the country. The rise in domestic airfare and jet fuel prices is simply another illustration of a trend that has already begun.
At this point, there is no way of knowing when the inflationary crisis will be ended. Many Americans, on the other hand, are beginning to feel as if they are being priced out of society.
Honestly unless it’s for a festival or holiday, I feel like 350+ for round trip domestically is theft. Even 350 feels high 😂 and unless you’re staying with family most US hotels are overpriced trash. Yeah I said it 😐🥴 we need to do better to encourage domestic travel— Villanella (@SweetAsCerasee) April 6, 2022
As costs rise across the board, there are only so many things individuals can cut back on until it becomes unbearable.
Interest rates rose last month in tandem with rising costs for goods and services. The Federal Reserve also did not rule out the idea of raising interest rates further if necessary to keep inflation costs low.
Americans who are actually suffering as a result of rising costs and interest rates are those who live paycheck to paycheck, on fixed incomes, or otherwise have extremely limited financial means.