by Shane Trejo, Big League Politics:
America is about to go through some massive economic troubles
A recently published CNN poll discovered that 35% of Americans indicated they’ve had to take on extra work just to stay afloat.
39% of US adults indicated that they worry most or all of the time that their family’s income won’t be enough to make ends meet. This marks a significant increase from December 2021, when that figure stood at 28%. These recent figures are also quite similar to those of the Great Recession, when they hovered around 37%.
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To deal with the rising cost of living, Americans have taken additional side jobs, reduced their driving, and have relied more on using their credit cards.
52% of Latinos and 46% of Black Americans indicated they’re mostly preoccupied most of or all of the time about making ends meet, per the poll.
55% of individuals making less than $50,000 annually also worry about having sufficient money to cover expenses.
65% of Americans signaled that expenses and cost of living are the biggest economic problems their families are currently facing. Per research conducted by Moody’s Analytics, the average household is spending $925 more on a monthly basis to buy the same basket of goods and services as 3 years ago.
As a result of the US’s current economic state, 69% of Americans have signaled that they have dialed back spending on extras and entertainment. 68% of Americans have stated that they have changed their grocery buying habits.
41% of Americans indicated that they have reduced their driving. 37% signaled that they’re incurring credit card debt to buy necessities.
All of this can be blamed on the Biden regime’s inflationary policies in conjunction with its decision to expand the regulatory state which has made the US economy stagnate while inflation continues to rage.
The only way to break out of this cycle of economic malaise is to downsize the regulatory state, lower taxes, and introduce monetary competition. The present system is designed to enrich parasitic interest groups while impoverishing regular Americans.
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