More Americans Take on Second Jobs as Inflation Erodes Incomes and Buying Power
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More Americans taking on second jobs as high inflation persists, with 8.4 million holding multiple jobs in October.
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Inflation eroding purchasing power, as average hourly earnings down 3.32% since January 2021.
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Inflation disproportionately impacts low-income Americans, already stretched budgets heavily affected.
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Consumer prices up 3.2% annually in October, 17.62% higher than January 2021 before crisis.
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High prices forcing Americans to spend $650 more per month than 2 years ago, burning through savings and relying on credit cards.