When markets open Monday Wall Street will have to try to rebound from a week of major losses.
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The DOW fell 1,700 points and had its worst start to a year since 2016.
This most recent market plunge wiped out more than $7,300 from the average American's 401-K.
Meanwhile, inflation continues to hit Americans hard at the gas station and supermarket.
The recent expiration of the expanded child tax credit is making matters worse for families.
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The price hikes we're seeing have effectively erased many of the wage increases workers have negotiated during the pandemic.
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Housing is no exception to the recent price hikes.
According to the National Association of Realtors it's because inventory is at an all-time low.
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And renters aren't in much better shape than hopeful buyers.
A new report from Freddie Mac shows that rent increases dramatically outpaced income increases in 2021.
A that trend is expected to continue for the foreseeable future.
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