Posted on 08/04/2022 12:44:40 PM PDT by RomanSoldier19
The reality of inflation and the specter of a recession appear to be weighing heavily on middle-class households.
Among those whose income falls in the $30,000-to-$100,000 range, 75% say their earnings are falling behind the cost of living, and 77% think the U.S. will be in a recession by the end of 2022, according to a recent survey from Primerica.
There’s also been a general uptick in financial worries in the last six months, with 39% of those surveyed expecting to be worse off financially in a year, up from 32% in March and 28% in December 2021. In December 2020, that share was 17%.
More from Personal Finance: Workers could see average raises of 4.1% in 2023 Focus on ‘personal economy,’ not possible recession Here’s why inflation is less likely to hurt some retirees
(Excerpt) Read more at cnbc.com ...
Lesko Brandon and his merry henchmen will not rest until 100% of Americans say their income is falling behind the cost of living.
At least the border is secure.
“77% think we’ll be in a recession by the end of 2022.” We’re in one now! Morons.
This has gone up! That has gone up!
No, most likely not so much. Something has gone down in this calculus and it's the value of the central bank's notes. The manipulated slower-then-faster-then-slower pace has managed expectations downward for several generations (since 1913).
This is why I think the Democrats are whistling past the graveyard, along with their sycophants in the media. People live in reality. People vote most for their wallets. The midterms are going to be a rout.
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.
Vladimir Lenin
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No, its actually risen a lot more than that, well into the double digits in fact. If you're retired you better batten down the hatches.
Economic Depression 2022.2023/b>
But of those 77%, when gas prices drop, half will vote Democrat again...
Every voter, regardless of which party they vote for should watch this video. https://www.youtube.com/watch?v=lu_VqX6J93k
Thank God there are no more mean tweets and the border is secure. Don’t worry, we won’t run out of money, they will print more when we need it...
Well that’s what happens when your government wants to steal the wealth of the middle class.
Ours fell behind over a year ago. Even a small pay increase is barely helping. It’s better than nothing, though. Working harder for less money. How nice!
The midterms are going to be a rout.
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Perhaps, but only if the Republicans get off their buts and give people reasons to vote for them. Three months away from a pivotal election and the GOP has no specific agenda to move the country forward. Situation normal, unfortunately.
Yep.
25% are ripping off the other 75%
The SF Fed President Mary Daly doesn’t feel any discomfort from inflation. so....
Countries have survived massive inflation in the past. Wonder how we’ll actually perform?
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