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Average American Has Withdrawn $600+ From Savings 

The average American has withdrawn $600+ from savings to stay afloat during inflation

Living costs have been rising steadily since the middle of 2021. And there's a reason for that.

Last spring, millions of Americans received a stimulus check under the American Rescue Plan. 

Following that, the Boosted Child Tax credit put monthly installment payments into millions of parents' bank accounts.

All that happened at a time when supply chain disruptions were causing a notable shortage of goods. 

And that mismatch between available supply and demand spurred a period of rampant inflation that consumers are still grappling with to this day.

Not only are living costs still sky-high, but for months, tensions overseas drove the price of gas up to some of the highest levels today's drivers have ever experienced.

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