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Finance Economist, 6/29/26
"The American Way Of Life Just Died"
"A Whopper cost $1.54 in 1986. It costs $7.89 today. The meal went up 424%. The minimum wage went up 116%. That receipt is the death certificate. Researchers built an index measuring the minimum cost of a dignified life in America. The bottom 60% can’t afford it. The index DOUBLED since 2001. Wages went up 11%. A couple with one child needs $100,000/year for the MINIMUM. The median household earns $80,000. You need $121,400 to buy a home. The average earner makes $84,000. Rent is up 54% since 2017. Housing up 60% since 2019. 40% have been displaced. Half of Gen Z moved because staying was impossible. Retirement? Social Security runs out in 2033. The average 401k lasts 8 years. You’ll live 25 more. The car costs $1,100/month to reach a job that doesn’t pay enough to cover the drive. A tomato costs 40% more than last year. And the three things that funded the entire way of life cheap energy, cheap credit, and imperial privilege are all ending at the same time. The American way of life is dead. What replaces it has no name. And the namelessness is the terror."
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