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>> credit card rates are going up. if you want to buy a car or a home, it's now a lot more expensive. prohibitive for many potential first-time home buyers. >> reporter: the fed's interest rate increases are inflicting pain overseas. the british pound crashed to a record low against the u.s. dollar on monday. some analysts say a recession is not inevitable. >> everyone has a job, unemployment is very low. we saved a lot of money during the pandemic while sheltering in place. >> reporter: but what they acknowledge, not every american experiences the ups and downs of the economy in the same way. >> this is a tough time for people living on the edge. this is a time to think out of the box. it may not be the time for you to live on your own. it may not be the time for you to buy a new house that you've been pining for.