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Epic Economist, 8/17/25
"Americans Can’t Afford Living Paycheck To Paycheck
As Prices Hit Astronomical Levels"
"40% of Americans working hourly jobs would consider it a WIN just to make it from paycheck to paycheck without going deeper into debt. Think about that - living paycheck to paycheck is now a luxury most Americans can't afford. While the government tells us inflation is "under control" at 2.8%, rising prices have destroyed household budgets. Your grocery bill has doubled, your rent went up $300, and your car insurance is through the roof. These rising prices are pushing millions of Americans over the edge financially.
Many Americans are facing a significant cost of living crunch, struggling to afford basics like rent and food. Even those with decent incomes are feeling the financial strain, leading to increased debt. This cost of living crisis is impacting people across the country, making budgeting and financial planning more critical than ever. Gen Z Americans are drowning in buy now, pay later debt just to afford basic necessities, and Americans are carrying $1.25 trillion in credit card balances at 24.5% interest rates. The Federal Reserve is trapped - lower rates mean rising prices explode even higher, higher rates mean mass unemployment. Either way, Americans lose. But here's what they don't want you to know: we've seen this exact pattern before in the 1970s, and the second wave of rising prices was worse than the first. The system is rigged against regular Americans, but there are still ways to protect yourself if you act now."
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