Courtesy Chiugo AkujuobiAkujuobi is one of millions of Americans who are struggling in today’s economy. The cost of living crisis in the US has eased somewhat, but low-income Americans are still struggling after years of high inflation and elevated interest rates. “Lower-income households are always going to be the ones that feel the brunt of high inflation and high interest rates,” said Elizabeth Renter, senior economist at NerdWallet. But their earnings have slowed sharply since then, trailing the wage growth of the richest Americans as of November. But prices could rise slightly less if Americans purchase goods that are produced domestically or from countries with lower tariffs.

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