August 15, 2024

BIDENHARRISNOMICS IS WORKING: Financial pressures on American consumers continue to rise.

It is the untold story of how inflation affects America’s households: credit card debt.

When hikes in basic food, clothing, energy, utility, and insurance costs started to hit families three years ago, many families who lived paycheck to paycheck across the United States had to make a decision: “Go without” or go into debt to take care of their basic needs.

To put this in perspective: A whopping 65% of respondents indicated that they live paycheck to paycheck, according to a recent “Your Money International Financial Security Survey” by CNBC and SurveyMonkey, which polled 498 U.S. adults.

That 65% could include your neighbor, your family member, your child’s soccer coach, or you.

It is not even a debt of frivolity. It is a debt born of necessity, and it is only going to get worse.

That’s from Salena Zito so read the whole thing.

And if “Bidenharrisnomics” doesn’t exactly roll off the tongue, at one time Harris was happy to take credit.

Posted at 12:45 pm by Stephen Green