Story Created:
May 13, 2008 at 6:12 PM EDT
Story Updated:
May 13, 2008 at 6:12 PM EDT
With gas prices at record highs, food prices skyrocketing, and more people than ever in danger of losing their homes...we are all getting squeezed.
Some of us are being forced to take measures we may not have otherwise considered just to make ends meet.
According to a new AARP survey, the majority of the baby boomer generation is saying they are finding it hard to pay for essentials and utilities.
The survey doesn't show a lot of people changing their habits, but some are taking small steps to decrease spending...
A new tax break could have some people getting rid of their gas guzzlers soon.
One state lawmaker in California wants to lower the sales tax for new vehicles.
Here's how it works...you trade in your old car, then subtract the trade-in value from the price of the new car.
The average savings is 600 dollars, but it is not looking like it will pass in California.
The state says it would lose 400 million dollars in sales tax.
The bill will be heard Wednesday.
33 other states currently have a similar tax break in place...
Not happy with the way the economy's going?
All you have to do is saddle up.
That is what Allan Peerce of Kentucky did, riding his stallion Hitman in protest of the rising diesel prices.
Hitman and Peerce have spent a few nights under the stars already, and he's not sure how much longer it'll be.
With the support of the community, Peerce is gearing up for the next protest.
What happens if diesel prices hit $4.50?...