I have a hard time at the grocery. Everything is so freaking high and it’s getting higher all the time. My favorite brand of bacon went up a dollar a pound. Bread and baked goods are high too. I can bake bread, but the price of flour is going up as well.
And don’t even get me started about gas prices.
Biden’s America: Majority Living Paycheck to Paycheck, Even Six-Figure Earners Overwhelmed
A new report said a majority of Americans are just squeaking by as a mountain of debt grows taller and taller.
As of July, 61 percent of adults in a LendingClub survey said they were living paycheck to paycheck, according to CNBC.
The study found that 78 percent of consumers who earn under $50,000 a year and 65 percent of those who make between $50,000 and $100,000 annually were living paycheck to paycheck in July.
Forty-four percent of those earning more than $100,000 a year were living check to check, the study said.
This is Bidenomics pic.twitter.com/3HmrIGidA6
— End Wokeness (@EndWokeness) September 4, 2023
More people are working multiple jobs as Americans battle inflation and layoff anxiety
BIDENOMICS! Credit card and car loan defaults hit 10-year high as inflation squeezes families.
Inflation-squeezed Americans are defaulting on their credit cards and auto loans at levels not seen since the financial crisis – and the struggle to pay their bills is poised to get worse as interest rates rise and the moratorium on student loans expires.
Low- and middle-income earners have been especially hit hard by soaring prices on everything from rent, groceries, and new and used cars despite the Federal Reserve’s attempts to tamp down stubbornly-high inflation.
This year, credit card delinquencies have hit 3.8%, while 3.6% have defaulted on their car loans, according to credit agency Equifax.
Both figures are the highest in more than 10 years.
“The increase in delinquencies and defaults is symptomatic of the tough decisions that these households are having to make right now — whether to pay their credit card bills, their rent or buy groceries,” Mark Zandi, chief economist at Moody’s Analytics, told the Washington Post.
Bidenomics: go after waitresses and waiters tips.t.co/D2MZucZRLy
— Thomas Massie (@RepThomasMassie) September 1, 2023
Bidenomics… pic.twitter.com/DceVBtHxYo
— @amuse (@amuse) August 26, 2023
Life is hard and it’s getting harder for the middle class. This is Bidenomics. pic.twitter.com/eqVUXCPsvr
— Ian Miles Cheong (@stillgray) August 27, 2023
We went into a recession after two back to back quarters of -1.5 over a year ago. When this happened, the establishment changed the parameters that define recession. We’ve remained at a net loss with job creation and “Bidenomics”. This isn’t recovery and everyone knows it. t.co/RXltpBNxhp
— The Redheaded libertarian (@TRHLofficial) September 4, 2023
twitter.com/ScottFishman/status/1698719142201770442
Delusional. t.co/OzvtQNJIXD
— Catturd ™ (@catturd2) September 4, 2023
h/t KyPerson