One of the biggest drivers of price increases has been skyrocketing energy costs, which Americans have been feeling both at the gas pump and through higher utility bills.
The COVID-19 pandemic steered many workers to seek new opportunities, causing self-employment and entrepreneurship to expand and new business applications to reach record levels. Read more.
Nearly every segment of the economy is experiencing rapid price increases at rates not seen in decades. Rising prices are putting greater pressure on households’ and businesses’ financial states as they pay more for goods and services Read more.
Between 2019 and 2020, there was a nearly 25% increase in new business applications, and that increase has held relatively steady through 2021. Read more.