Even as inflation continues to cool into the second half of 2024, many Americans say they’re still struggling to make ends meet.
Roughly one-third of U.S. workers say they’re living paycheck to paycheck and have nearly no money for savings after paying their monthly bills, according to a survey from personal finance website Bankrate.
Because the fed chose to solve inflation by putting downward pressure on wages. This was the only way it could ever happen.
Unless we actually tried to fix the problem in other ways than rate hikes. But since the federal government is completely dysfunctional, the only thing they could agree on was doing nothing and leaving the job to the Fed’s hammer. And we were the nails.
Corpo komissars are firing people and refusing to do wage increases while price gouging the pessants… during pretty normal by historical standards interest rates but shit wages over last 40 years lol