Inflation continues to rear its ugly head into the lives of Americans as 64% of U.S. residents are living paycheck to paycheck.
The average gasoline price and the cost of food in the US are at an all-time high and inflation will pop the biggest economic bubble that has ever existed. The US stock market has been on life support for years with more Fed printed trillions required every year to keep it alive.with CNBC’s Jessica Dickler, Lendingclub’s financial health officer Anuj Nayar said that the researchers have seen the “cost of everything shooting up.
On March 9, New York Times authors Emily Badger, Aatish Bhatia, and Quoctrung Bui quoted a number of Americans that said the prices of used cars, apartments, steak, bacon, chicken, bread, heating oil, gasoline, vegetables, toilet paper, paper towels, diapers, and lumber have become unbearable. “A car battery costs almost two times as much,” one individual surveyed said. “Bacon is as expensive as filet mignon used to be,” another person surveyed by the NYT remarked.the NYT reporters. “When it was used cars, you could have the option essentially of opting out of inflation. You could say ‘I don’t want to buy a used car, so this doesn’t affect me, life goes on,’” Leer added.
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