Why Americans feel gloomy about the economy despite falling inflation and low unemployment
Why Americans feel gloomy about the economy despite falling inflation and low unemployment
Inflation has reached its lowest point in 2 1/2 years. The unemployment rate has stayed below 4% for the longest stretch since the 1960s.
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My wife and I are making more money than we ever have in the past. However, before that I was unemployed and was forced to find some way to keep being able to buy groceries, gas for the car, and helping my wife pay bills. As such, the only way I saw to do so was to take out a credit card or two, and they quickly got maxed out. So now I’m stuck paying $700/month in credit card bills, as well as dealing with the increasing food and rent prices. Our bills take a larger percentage of our total wages than before. And sure, part of that’s my own fault, but at the time it was do what I did or starve and get evicted. I wasn’t about to let that happen to my wife.
We’re still able to survive, but it’s by the skin of our teeth.
I'm in a similar boat. Had to float on credit for months. When I eventually manage to get a job it means I'll be able to start digging myself out of a hole. Forget about being ahead.
Yeah, even utility bills are through the roof. I just got my October gas bill in the new house I'm renting, $150. I'm nervous to see what that's going to be in January, it's already cold and the furnace has been cranking.
Dang, it must be rough living on peanut butter and jelly sandwiches.
Not quite to that degree, but not far off.