Brampton Inflation Turning Residents To High-Risk Loans
The increasing inflation rate in Brampton is driving many residents to seek high-risk loans as they struggle to cope with the rising cost of living. Factors such as higher fuel prices, supply chain disruptions, and increased demand for goods and services are contributing to inflationary pressures, squeezing the budgets of households in the city.
With inflation outpacing wage growth, many residents are finding it challenging to maintain their standard of living. Some are turning to high-risk loans, such as payday loans or installment loans, to cover their expenses.…