Tag

Inflation Crisis

All articles tagged with #inflation crisis

society2 years ago•2 min saved

"Poll Reveals Growing Doubt Among Voters About the American Dream"

A new Wall Street Journal/NORC survey reveals that only 36% of voters believe in the American Dream, a significant decline from previous years. Additionally, half of the respondents believe that life in the U.S. is worse than it was 50 years ago. The survey also found that 50% of voters agree that economic and political systems are stacked against them. Another survey by MassMutual shows that 42% of Americans believe the American Dream is out of reach, with financial security being the top factor defining it. The ongoing inflation crisis under President Biden's administration has further exacerbated financial pressures for households, particularly impacting low-income Americans.

via Fox Business|

#american-dream #declining-faith #inflation-crisis

economy2 years ago•3 min saved

Americans on the Brink of Depleting Pandemic Savings, SF Fed Study Warns

Americans are rapidly depleting the excess savings they accumulated during the COVID-19 pandemic, with estimates suggesting that these savings could be depleted by the third quarter of 2023. The San Francisco Federal Reserve's research highlights the concern that the depletion of these savings, which have acted as a safety net for many families, could lead to a slowdown in consumer spending. As Americans increasingly rely on credit cards to cover expenses, credit card debt has surpassed $1 trillion for the first time ever. Delinquency rates are also showing a slight uptick, raising concerns as student loan payments are set to resume in the fall.

via Fox Business|

#consumer-spending #credit-card-debt #economy