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Rare vortex of economic troubles descends on Bay Area residents, businesses

Rare vortex of economic troubles descends on Bay Area residents, businesses

a year ago
Anonymous $dy9SWuvIkX

https://www.mercurynews.com/2022/07/03/rare-vortex-of-economic-troubles-descends-on-bay-area-residents-businesses/

From her vantage point at the cashier’s stand in a grocery store in Mountain View, Maria Soria sees firsthand the damage wrought by a rare vortex of economic troubles descending on Bay Area residents and businesses, from skyrocketing inflation to rising rents. As a retail worker living in one of the costliest regions of the world, she faces problems herself.

Since the start of the year, Soria’s rent for a room in a shared apartment in Mountain View has jumped nearly 50%. “My neighbors are worried about that, too,” said Soria, 22. “Some of them had to move out.” She used to spend about $100 on groceries every two weeks. “Now I’m spending like $150 or $200,” Soria said.