In my opinion, many will just change their lifestyle. Personal, we are on a fixed income. With the cost of living skyrocketing over the past three years we have changed. We did eat out four to five days a week. Now it’s two. Getaways reduced. Always bargain shopping with food and clothing. We did plan ahead so our expenses are minimal.
The cost of services are extremely high with little chance of dropping due to high energy and labor costs.
With that said, health is good, family is good. And living in the safest state in the Union helps (knock on wood)
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