American Families Struggle To Survive As Inflation And Gas Prices Soar

he cost of living is rising, creating new economic uncertainty on the tail end of a very uncertain two years. Experts say the result could be more mental strain, stress and anxiety.

Inflation in the U.K. hit a 30-year high in January, with consumer prices up 5.5% from the previous year. The U.S. saw consumer prices rise 7.5% year-over-year as of January, the biggest annual increase in 40 years.

In and of itself, inflation is not necessarily tied to declines in mental health. The impact on individuals depends heavily on their financial situations: For example, someone deeply in debt can benefit from inflation because each dollar they have to pay back is worth less, effectively shrinking their debt. But if that person’s income doesn’t rise along with inflation, they may end up in worse financial shape. And people whose incomes mostly go to necessities like food and gasoline — low-wage earners — tend to suffer most of all when inflation is high.