DigitalDrifter
Diamond Member
- Feb 22, 2013
- 49,130
- 27,820
This is not a good time to be an American. I always laugh when you hear some politicians claim America's best days are yet to come.
Runaway inflation, Democrats allowing our borders to be overrun, mortgage rates highest in 20 years. It just plain sucks!
Runaway inflation, Democrats allowing our borders to be overrun, mortgage rates highest in 20 years. It just plain sucks!
- The number of Americans who say they are stretched thin has remained stubbornly high, according to several reports.
- Federal Reserve Chair Jerome Powell recently called for continued vigilance in the fight against inflation, warning there may even be more interest rate increases to come.
As of July, 61% of adults still said they are living paycheck to paycheck, according to a new LendingClub report, slightly more than last year's 59%.
Yet, recent releases show that, at least compared with the soaring inflation of a year ago, consumers who have been squeezed by higher prices should be experiencing some relief. June and July both saw easing in the pace of price increases, with core inflation up 0.2% for each month, according to the U.S. Bureau of Labor Statistics.