66% of Americans are pessimistic about the todays economy which is at a RECORD high even worst than both the 2008 crash & Lockdowns of 2020
This comes at a time when we have high asset prices (the same price they been since 2021.) inflation 18% since
🖨️💵 doesn’t = Prosperity t.co/52j37HawzN pic.twitter.com/qanA0SYVxJ
— Golden Coast (Cassandra) (@GregCrennan) December 19, 2023
Christmas spending increases due to inflation concerns; 24% cite inflation as the reason, while 37% cut expenses, blaming inflation, up from 15% last year.
The surge in homelessness, reaching a staggering 653,104 people, unveils a heartbreaking reality in the U.S. Declining assistance packages and a shocking +20% increase in shelter costs since the pandemic exacerbate this crisis, demanding urgent attention. As we approach the holiday season, the plight of those less fortunate tugs at our collective conscience, urging us to consider meaningful ways to make a positive impact.
The news of new homeowners facing a substantial $122,000 loss amidst dropping housing prices adds another layer of distress to the narrative. It’s a stark reminder of the economic challenges individuals and families are grappling with, especially during a time traditionally associated with warmth and joy.
The soaring 51.8% inflation rate in less than two years, impacting basic necessities like flour, strikes at the core of everyday struggles. The minimal growth in hourly wages, juxtaposed with these staggering figures, prompts deep reflection on the effectiveness of economic policies and the potential echoes of past mistakes.
The statistics from the Atlanta Fed’s wage tracker, hovering over 5% y/y, and NFIB compensation plans forecasting an acceleration in 2024, paint a grim picture of ongoing challenges in achieving meaningful wage growth and economic stability. The numbers not only quantify the crisis but also underscore the urgency of addressing systemic issues that contribute to the plight of those most vulnerable in our society.
🚨Record-High Levels of Homelessness Hit the U.S
Over 653,104 people are now homeless
Highest level since they began tracking the figure back in 2007, according to Chartr
Why?
Assistance packages are declining, while the nationwide cost of shelter has sharply risen by +20%… pic.twitter.com/JoDJbpDxxD
— Genevieve Roch-Decter, CFA (@GRDecter) December 18, 2023
New homeowners lose $122,000 as housing prices drop, per Newsweek.
— unusual_whales (@unusual_whales) December 18, 2023
This is all purpose flour from Walmart.
51.8% Inflation in less than 2 years, in one of humankind's most basic of necessities.
— Wall Street Silver (@WallStreetSilv) December 19, 2023
After accounting for inflation, hourly wages have barely budged since 2020, per Bloomberg. pic.twitter.com/P3W5MSDkzy
— unusual_whales (@unusual_whales) December 18, 2023
🇺🇸 I wonder what happened to the Fed statement that it wasn't going to repeat the mistake of the 1970s and cut rates before wage growth allowed for it. Atlanta Fed's wage-tracker remained over 5% y/y and NFIB compensation plans warn of an acceleration in 2024. Just sayin'… pic.twitter.com/Dkx91fN260
— Mikael Sarwe (@MikaelSarwe) December 18, 2023
Globalzuela pic.twitter.com/M3Vlk5DPcG
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) December 19, 2023
⚠️⚠️⚠️ pic.twitter.com/awodWwR5yc
— Wall Street Silver (@WallStreetSilv) December 18, 2023