NCSU economist: We’re already struggling – and recession lurks in ’23

Most people are still struggling economically as we end one year and move on to another.  Even if a person received a pay boost in 2022, it was likely less than the increase in prices they paid.  If your income rises less than prices, then your standard of living has dropped. 2022 has been a rough year.  Will it get any better in 2023?