Wildly, there is not one mention of Biden policies making things worse, nor any mention of the Democrat/Biden legislation like the Inflation Reduction Act, which doesn’t
Is the US getting too expensive to live in? Many Americans worry about economy, inflation
As Americans look ahead to another Independence Day and a likely contentious 2024 presidential election, many are feeling fiscal pain as the prices of food, shelter, healthcare and transportation climb higher than their paychecks. About 52% of Americans participating in a USA TODAY/Suffolk Poll said the United States is too expensive to live in. And about seven in 10 Americans said stifling inflation and the economy are the nation’s top problems today, according to a new Pew Center survey. A majority across age, gender and race told Pew inflation is “a very big problem.”
“Their spending power has been minimized,” said Gene Ludwig, former head Comptroller of the Currency, a U.S. Treasury Department bureau.
What’s America’s economic state? Frustrating and uncertain. The typical American household spends about $768 more on monthly purchasing goods and services these days compared to 2020 because of high inflation, Mark Zandi, chief economist of Moody’s Analytics, said.
Meanwhile, as the United States skirts a recession, Zandi said some Americans seeking relief are also dipping into their savings for survival. Around 25 million Americans are behind on their credit card, auto loan or personal loan payments, according to a recent Moody’s/Equifax data analysis. Also, the delinquency rate for bank credit cards was 3.27% in May, nearly two points higher than in 2021, Zandi said.
Darned that Donald Trump and all his policies that do not focus on inflation
Zandi’s theories echo a Brookings study this month by former Federal Reserve Chair Ben Bernake and former International Money Fund chief economist Olivier Blanchard titled, “What Caused the U.S. Pandemic-Era Inflation?”
They wrote the Fed and many forecasters didn’t expect “mismatches” of a strong job market while the interest rate spiked. “Together, these shocks to prices given wages would prove to be the critical triggers of the rise in inflation,” the economists said. Bernake and Blanchard said lowering the current inflation rate of 4% to the Fed’s preferred 2% target requires a better balance.
Again, the root cause is China’s COVID19, which obviously messed up the supply chain badly, especially as mostly left wing governments here and around the world locked things down, picking and choosing what to lock down, and often picking poorly. Shutting down the auto industry, from the direct manufacturers to all those who supply the parts to those who ship them, was a Bad Idea. Shutting down food growers and suppliers. Those who supply wood and everything else to build housing. And more. You lived this, you know it.
The extreme spending, which sorta made sense through 2020, made zero sense in 2021. That was a bipartisan. Biden’s policies have mostly been the exact opposite of what should be done. The Credentialed Media really doesn’t want to talk about that
Most Californians love living in California, but many are also considering moving to another state.
A new statewide poll found 70% of respondents expressed high levels of happiness with living in California and applaud the state for its diversity. But 4 in 10 Californians are considering moving out of state, with the majority saying it’s too expensive to live in the state.
California has had three consecutive years of population declines, according to U.S. Census data.
Only 29% of Californians reported feeling satisfied with the economy, which is down from 41% at the beginning of 2020. Nearly half also noted that they get by, but struggle to save money or pay for unexpected expenses. Over a quarter of respondents reported struggling to make ends meet.
Well, I hope there are no Democrats in that 4 in 10. They voted for this, so, they should love it, right?
Read: Bidenconomy: 52% Say America Is Too Expensive To Live In »
In South Florida, surveys routinely show that residents care deeply about having clean water and air, and unpolluted water to swim and fish in. But when it comes to perhaps the biggest environmental threat yet — climate change — it’s not the kitchen table conversation that environmentalists believe it should be.
A new milestone in NYC’s migrant crisis: There are now more asylum seekers living in city shelters than there are homeless New Yorkers.
The record heatwave roiling parts of Texas, Louisiana and Mexico was made at least five times more likely due to human-caused climate change, scientists have found, marking the latest in a series of recent extreme “heat dome” events that have scorched various parts of the world.
Consumerism has many positive benefits for the economy, but it leads to a significant amount of waste. This has resulted in a new generation of neighborhood advocates. Many are championing new ways of laundry care, giving rise to “no-wash” and “low-wash” laundry movements.
Workers at dozens of U.S. Starbucks locations held strikes on Sunday to express their outrage over accusations by the baristas’ union that managers at several U.S. cafes removed rainbow flags and decorations supporting LGBTQ+ Pride month.
Mamma Mia!
Electric vehicles (EVs) are becoming more popular in recent years, with more manufacturers releasing their own models and more buyers making the switch. However, according to 
