Like elsewhere in the nation, Lansdowne’s rising prices make life difficult for many households, writes Norm Bond on Newsbreak.
Brianna T., a single mom in ,Lansdowne, has had to give up extracurricular activities for her kids and dining out to keep up with rent and food prices,
A triple threat of rising housing costs, food prices, and energy bills are now hitting the essentials for many.
In Lansdowne, median home prices have jumped 17.8 percent in the past year, above wage growth. Rents average $1,525 monthly, above the national median of $1,400.
Residents are paying 15 to 20 percent more for essentials like eggs, milk, and bread than a year ago.
“I used to spend $100 a week on groceries. Now it’s closer to $150 for the same items,” Brianna said. “Something has to give, and unfortunately, that means cutting back on things we used to enjoy.”
Gas prices and utility bills are also up over last year.
Michael P., who runs a Lansdowne coffee shop, said daily customers now come in once or twice weekly as their discretionary income decreases.
“Everyone is tightening their budgets, and I’m feeling it too,” he said.
Read more about inflation’s impact and tips for coping in Newsbreak.
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