Posted on 03/24/2022 10:53:03 AM PDT by RomanSoldier19
Analysts at Swiss Re expect economic distress to remain elevated for average US citizens over the next year, with increases a real threat as the likelihood of stagflation and recession has substantially risen.
In the US, Swiss Re notes that the misery index is now in the highest 20% of readings over almost 50 years, an indicator of mounting economic pain to citizens.
The cause is high inflation, and analysts see lower-wage workers as particularly vulnerable due to their exposure to both relatively high unemployment and the greatest erosion of their purchasing power.
The misery index is a sum of the unemployment and inflation rates that gauges the average citizen’s economic wellbeing.
Swiss Re contends that the index tells a story masks by the strong labour market and rising wages in the US, the gains of which are being eroded by inflation.
(Excerpt) Read more at reinsurancene.ws ...
Well, let’s see, gas around $6 and climbing, bacon around $8, etc., yep, all normal, we can relax and enjoy the spring, thanking Joe for his success. /s
The misery index...
Oh boy, we get to relive the 1970’s again.
Nothing is being done about election integrity so I think the next 3 years in the USA are going to be worse than anyone can possibly imagine, we will be stunned how our lives use to be.
And no doubt even then we will STILL get morons blaming Trump and putting Biden on a pedestal like that freakin’ psychopath Rob Reiner. There is not a single solitary day that passes where that absolute lunatic does not attack Trump. This is todays tweet by him......
https://twitter.com/robreiner/status/1506799558998695937
“Nothing is being done about election integrity so I think the next 3 years in the USA are going to be worse than anyone can possibly imagine, we will be stunned how our lives use to be”.
That’s right. Without election integrity, we’re screwed forever.
I get tired of seeing “Wait till 2024, we’ll fix em”. At this rate, we won’t make that far.
81 million are getting exactly what they wanted.
Heard today Biden is rolling out the red carpet for Ukrainian immigrants but an extra plush carpet for their LGBTs and those with $$ medical problems we’ll get to pay for.
Yeh, we just got back from the grocery store. Everyday the prices are up.
Yes, and the Ukraine situation was hyped beyond all reasonableness by the media so that they could blame the economic distress on putin.
Just like they hyped the covid epidemic beyond all reasonableness so they could blame the deaths on Trump.
Dichotomy is democrats earning less than 50k who voted for Brandon are the ones getting hurt the most by Brandon’s polices.
I bet many of them are shocked and regret their votes.
I lived during the gas crises in the 70’s and we had no problems living. Yes there were gas lines. But Dad car pooled so each guy was able to get gas for his turn to drive during the week.
Mom and Dad never talked about high food prices. We never lacked anything and we were lower middle class.
I do not even think I will vote in 2024. I am disgusted with all of them. I am 63 and tired of their crap
That was lucky for you. I knew a fmaily who had a child dying. They had a hard time getting to the hospital everyday. You could only get gas every other day. People lined up for gas and tried to help them.
I’m 71 and feel the same way as you. Among so many other things it’s a disgusting and infuriating and frustrating situation.
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