These perilous price increases threaten families and people in Los Angeles and across California who are living paycheck to paycheck. The reasons are complicated and are impacted by the pandemic, crypto winter, war in Ukraine and international economic duress. The Washington Post last month revealed that overall wages fell by 3.6 percent when adjusted for inflation. And according to research conducted by the Federal Reserve Bank of New York, “Hispanics” are one of the ethnic groups being affected the most.
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