Rice or Defense? Japanese Residents Feel the Pinch of Rising Prices and Military Spending
With Japan’s rice prices at record highs and PM Takaichi prioritizing defense spending, residents say the staple has become a luxury they can no longer afford.
Cost of Living
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UK Labour unveils tax-raising budget amid downgraded growth outlook
Britain’s Labour government has unveiled a tax-raising budget to close a £20bn fiscal gap and fund public services, raising £30bn by 2030–31 amid downgraded growth forecasts and new levies.
U.S. Drivers Face Record Auto Debt as Underwater Loans Hit Four-Year High
Rising living costs push U.S. drivers deeper into debt as underwater auto loans hit a four-year high, leaving borrowers owing more than ever.
U.S. Tariffs Surge: Rising Costs and Shrinking Trade Impact Americans
New U.S. tariffs on Canada, Mexico, and China are set to increase construction costs and consumer prices, disproportionately affecting lower-income households and fueling inflation fears.