I think the biggest issue for a lot of people will be debt.
Normality for many is Christmas debt, then Holiday debt, with occasional Birthday/rite of passage debt.
I didn't grow up that way and neither did my husband, and our sons don't do it, but a heck of a lot of our neighbours and the boys friends do it, and to them it's normal.
They carry mortgage debt, car debt, credit card debt, and just pay it off either as standing orders or in chunks when there's nothing else needing the money.
That's the rub, because with inflation, especially energy prices inflation, there truly is something else that needs the money.
It's not getting groceries that's the issue; food might be more expensive but the shops are still full. There's still food available, and I don't see the biscuit and crisps aisles, or the booze ones, in the supermarkets getting any smaller.
I'm not saying that folks aren't struggling, but it's not a disaster, it's not society imploding.
I think there's going to be a lot of financial juggling going on for a lot of people though.
We're not really a country where people have multiple jobs. In the past the seasonal round included farm work (school holidays are still adjusted for that, funnily enough). Maybe that'll change on the job front too.
Commuting is much more expensive, but many offices found working from home worked, so for many daily commuting is an option not a requirement.
That's a huge change.
Online shopping is here to stay. Shops are closing because of lack of footfall traffic.
Another huge change
Up here cities are actively encouraging inner city residence again. Office and shop spaces lie empty. People pay council tax, don't need to travel/commute, etc.,
An awful lot of people during lockdown bought property in areas that really doesn't suit them, or their desired lifestyle...or one they can actually afford...I know that there has been no slow down of property sales even if prices have fallen. I suspect that not being able to sell at a profit will hurt though.
It's just a time of change, and what can't change dies, we know that, but humanity is endlessly adaptive.
I remain optimistic
M