While the Euro zone inflation hits a record 8.6% as the European Central Bank prepares for its first rate hike in 11 years, the rest of the world is also experiencing rising costs of virtually everything.
In the US, costs of necessities yet again skyrocketed in May, leaving the US with a new 40-year high in inflation. Think of gas, food, energy, rent, flight prices, and all other basic necessities. Households across the country are experiencing unprecedented pressures, making them less able to afford discretionary items like electronics or haircuts.
So it’s not simply you who can no longer feast on Starbucks lattes. We’re talking about lower-income and Black and Hispanic Americans, in particular, who are struggling beyond the point that should be humanly acceptable.
This thread also sheds light on how inflation is not only changing people’s habits, lifestyles, and daily choices, but altering their livelihoods. “What have you given up recently due to rising costs?” someone asked recently on Reddit, hitting very close to home for too many people who shared their very honest responses.
#1
Red meat, tomatoes, a lot of fruits and veggies, heating in a wooden house that gets to minus 4, I'm living off a lot of rice, beans, pasta, no treats like yoghurt anymore, turning off every single power point except for the room I'm in. I get sort of warm with a hot water bottle and blankets. I'm making my own dog and cat food. Times are tough and they're only going to keep getting tougher. I don't have anything left to give up except for my medications that are keeping my alive. I'm terminally ill and only have a year or eighteen months left but this isn't living its honestly just existing. If I give up the meds it'll all go away but my animals keep me hanging on.
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204points
#2
Living in the U.S.
I've been doing a lot of traveling recently and literally everywhere I've been from Latin America to Europe, the Caribbean to the Mediterranean, has been cheaper to live. Not only that but their social laws are better, and there's an understanding that health care and access to affordable housing with amenities is a basic human right.
I'm currently in the process of acquiring my EU passport so I can have other options.
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148points
Bored Panda reached out to a single mother of two boys, who has been particularly struggling in this time of inflation. The woman who goes by the handle Particular_Special70 on Reddit said that she is no longer able to take her kids on any vacation or trips this year and it makes her very sad. She also shared her difficult situation in a response to this thread.
“I try to take them on some kind of trip or vacation each year and it's just not happening this year with high gas costs and high everything costs,” she told us. In a post shared on the thread, the woman wrote that it’s her “favorite thing to do with/for them once a year.”
According to the mom of two, the fact that the family can no longer afford a vacation has to do with the fact that groceries cost almost double what they did just a year ago. “My electric and gas bills have been more than double, so the money I have to save for a vacation is non-existent,” Particular_Special70 explained.
#4
Driving. Covid started it, gas prices finished it. I’m a hermit.
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111points
#7
Ciggies.
I wanted to for a long time but the rising costs ($60 +/-$10aud for a 25g pouch) became almost insulting and I just felt stupid paying to slowly kill myself. Ridiculous.
Gl to anyone trying to quit, it's really hard
I wanted to for a long time but the rising costs ($60 +/-$10aud for a 25g pouch) became almost insulting and I just felt stupid paying to slowly kill myself. Ridiculous.
Gl to anyone trying to quit, it's really hard
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95points
#8
I'm not taking my kids on any vacation or trips this year and it makes me so sad. As a single mom I just can't make it happen and that's my favorite thing to do with/for them once a year.
94points
#9
My privacy. All three of my children, plus my granddaughter have moved back in with me since Feb. All of them have good jobs, my two boys are Military, but rent prices are so high. They all help with the bills, because I can’t afford to cover the increase in food and utilities but it’s crowded.
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84points
#10
I’m currently living alone for the first time and loving my peace and solitude. But everything is getting so expensive that I’m considering going back to living with a roommate. It’s heartbreaking but I’m trying to come to terms with it.
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83points
#11
Junk food and desserts. If it can't be made into a meal with nutrients then I'm not getting it. I almost stopped buying meat altogether, veggies are way cheaper, and frozen veggies/fruit never go bad. If it's not bills or essential then I'm not getting it. I've lost a lot of weight because of my sudden diet changes so thats cool I guess.
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79points
#12
I'm getting extremely frustrated trying to have a savings account
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75points
#13
Having kids…sorry but a horrible decision from a financial stand point. One parent at home used to be possible now both parents have to work leaving strangers to take care of and raise your children
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74points
#14
Being a stay-at-home mom. We originally did it because we couldn't afford daycare, but now he's starting kindergarten this year and I've already started looking for jobs because we can no longer afford for me to stay home.
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69points
#15
Subscriptions like Netflix and streaming services, Amazon prime, and Patreon. Coffees from the cafe, most fruit (unless frozen) and pretty much all veg (there’s a massive shortage in Australia and it’s so expensive if available at all). Given up driving due to cost of petrol too
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64points
#17
After three years of trying for a baby, with one ectopic, one chemical pregnancy, and two failed IUIs, it seems like I need to start coming to terms with the fact that we just cannot afford more fertility treatments. Insurance doesn't cover a penny. With the prices of everything going up, how can I afford to spend $1k in medications alone (for one cycle supply) for another IUI? If we decided to do IVF, it would cost us around $12k. It would be worth it if we knew either treatment would work, but there's no way to know that. It's heartbreaking. I had to call up the clinic to tell them we are sitting it out for now.
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56points
#18
Doing things spontaneously. Now, I need to sit down and look at my budget before getting in the car and driving to the beach or going out for a meal.
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56points
#20
Makeup. I used to be the person that wore it every day and enjoyed application, and practicing techniques/experimenting with colours. I can’t afford to paint my face for fun when cauliflower is $8 a head (not that I can afford fresh produce now either, but you catch my drift).
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52points