High inflation is hitting parents the hardest

High inflation continues to severely impact American families, especially those with children. Despite a slight decrease from 2022's peak, inflation rates remain high with a 19.4% increase in prices since January 2021. Parents are experiencing financial strain, with child care costs rising nearly 20% from 2016 to 2021, making it comparable to housing expenses. This financial pressure has led many parents into debt as they struggle with the rising costs of necessities like food, child care, and clothing.

According to the news content, prices have increased by a staggering 19.4% since January 2021. This increase has had a significant impact on American households, particularly parents, who are facing financial pressures due to the rising costs of everyday necessities like food, child care, and housing.