Rising inflation is very likely to be a pain to households and families in Europe.” On Friday, August 26, the Chair of the Federal Reserve System (FED) of the United States, Jerome Powell, warned of a difficult future for millions of Americans – difficulties that are also threatening Europe. For now, a full-blown recession has been avoided. But ominous signs keep cropping up. Winter will be cold, and we're not only talking about the temperature. Moreover, the deterioration of European economies is raising fears of a slide into recession. This is raising significant concerns among expats and prospective expats.