"The cost of living is RIDICULOUS"
"I got paid today and my account is now showing $90"
"Because after I pay all my bills and the school fees, I only have $90 left"
"And that's going to be gone tomorrow because I have to pay for a doctor's appointment for my daughter"
"I… pic.twitter.com/bNLI95wQFG
— Wall Street Silver (@WallStreetSilv) April 19, 2024
In the cacophony of modern life, the cries of financial distress reverberate—a stark reminder of the relentless grip of the cost of living. As voices grow louder, tales of hardship paint a bleak picture of survival in the face of economic adversity.
Amidst the struggle, stark statistics paint a grim picture of widespread hardship. In the US, sacrifices abound as individuals navigate the treacherous waters of financial insecurity—skipping meals, working extra hours, and parting with cherished belongings in a desperate bid to stay afloat.
As inflation rears its head, exacerbating the challenges faced by everyday Americans, concerns mount over the prospect of further economic turmoil. With consumer loan delinquencies on the rise and inflationary pressures mounting, the road ahead appears fraught with uncertainty.
In a society where the cost of living threatens to suffocate the hopes and dreams of millions, the struggle for financial security remains an uphill battle—one that demands urgent attention and meaningful action.
In the US, many people who struggle to afford housing made more serious sacrifices: 22% skipped meals and 20.7% worked extra hours at their job.
A similar share (20.6%) sold belongings, per Redfin.
— unusual_whales (@unusual_whales) April 19, 2024
FED'S GOOLSBEE: CONSUMER LOAN DELINQUENCIES ARE AN AREA OF CONCERN.
— FinancialJuice (@financialjuice) April 19, 2024
⚠️INFLATION 📈
•The latest data from @ClevelandFed shows that PCE INFLATION IS RISING AT 0.27% MOM
•If this continues we are looking at PCE inflation at 3% 50% higher than the Feds target
•Regular CPI inflation is rising even faster at 0.37% which would be 4.4% annualized pic.twitter.com/AiT0kuP8as
— The Coastal Journal (@1CoastalJournal) April 19, 2024