Posted on 09/07/2024 5:08:32 AM PDT by Rev M. Bresciani
When U.S. consumers are doing well, the U.S. economy does well. But of course the opposite is also true. When U.S. consumers are not doing well, the U.S. economy really suffers. The government has been trying really hard to put a happy face on things, but the truth is that the standard of living for most U.S. consumers has been going down for a long time. The cost of living has been rising faster than paychecks have, and so most of us have less discretionary income than we once did. And that is really bad news for the U.S. economy, because as the official White House website has pointed out, consumer spending typically accounts for about two-thirds of all economic activity…
Consumption spending makes up two-thirds of the U.S. economy on average, so as the U.S. consumer goes, so goes the U.S. economy.
(Excerpt) Read more at new.americanprophet.org ...
The neighbor has been a widow for nearly 6 months and Social Security still hasn’t begun the monthly widow benefits. I heard from someone else it is taking up to 9 months. In this age of merely clicking a computer button, that is not acceptable. And it is going to be a piddly $1000/mo. for a lifetime of working for the government. Guess checks to illegals is the priority.
“has been going down for a long time”
Yes, 3 1/2 years of insane economic policy does seem like a long time.
One thing that is out of control is my ol' soapbox, property tax. It legally rises 10% each year. Our income has never risen 10% in any year. No eating out, no movies, not even Walmart clearance clothes since 2010 and the last vacation was 2010 but that was more of a have to thing. All for squeezing every dime for the taxes. Thanks to the CA invasion sending home prices skyrocketing.
It’s ok, the Vice Prostitute says she will fix the economy that the last administration screwed up so badly...if she is elected
It’s the private sector that is struggling. Government workers are doing just fine.
Yeah, everyone knows the economy is teetering, and it is not surprising that bankruptcies are up.
But just over a third of Americans surveyed reporting that they are having some difficulty paying bills is only relevant in a series that shows previous such numbers.
“Death Of the Consumer Economy: Over A Third of U.S. Adults Now Struggle to Pay for Their Most Basic Expenses”
Death Of the Bidenomics Economy: Over A Third of U.S. Adults Now Struggle to Pay for Their Most Basic Expenses
There, fixed it
Grocery costs up around $200/mo over 2019, fuel costs up around the same, health insurance up around $150, utilities up around $150, Car insurance doubled, homeowners insurance up $4,000 per year. Over the last three years, my basic monthly costs have increase around $1,500 per month. That used to be my cushion; my savings for home maintenance, clothing, lunches with friends, and travel. No more.
A better title for the article would be: The deliberate destruction of the middle class in America.
This should serve as a message to the younger folks out there: You CANNOT plan on living on social security. You have to save some money for your old age. I know that its tough, but the government isn’t going to save you.
If I’m not mistaken delayed benefits can be recovered at a later date. Please have the widow check into that so that when she does start receiving her benefits, she gets back pay for the months she didn’t
It took 6 months for daughter to receive her mom’s last paycheck. Mom passed away on Dec 8. SS immediately stopped deposit of her monthly check. Daughter filled out form at SS office to claim the money as sole beneficiary. 6 months later she received the money. Stopping payment was lightening quick. Paying out was slower than molasses.
So much for the “benefits to the consumers” the free traitors promised us.
And as long as the government can continue to borrow against our kids' future income, they will continue to do well.
Luv me some branDUHnomics. Not!
That is a 50% price increase in the count alone!
Try to tell me and prove there is no greed involved there. Just try.
Back in the day it was 3% and now it is mostly 3X higher. The other day we shopped in a nearby town where the sales tax is 11.4%. That is nearly 4X the 3% we paid when I was a kid.
Yep, that’s why obesity is on the increase.
“Government workers are doing just fine.”
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The denizens of the DC area are living quite comfortably. No hardships or sacrifices there.
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