Economic Impact: With prices surging for everything, ... a paycheck isn’t going as far as it did before

“Gasoline prices in the Richmond region and beyond have been increasing in recent months with prices rising more than $1 per gallon than a year ago. That can take a chunk out of the budget over the course of a year if such price increases continue. Economists say it is like a tax increase because it’s money that you no longer have available to spend on eating out or purchasing clothing. And it’s not only gas prices that are increasing.” Click here to read article.

(Source: Richmond Times-Dispatch)
3-minute read.