OUT OF CONTROL: Prices have been rising much faster than paychecks and that is putting an extraordinary amount of financial stress on the more than 60 percent of U.S. adults that currently live paycheck to paycheck.

12/05/2023

OUT OF CONTROL: Prices have been rising much faster than paychecks and that is putting an extraordinary amount of financial stress on the more than 60 percent of U.S. adults that currently live paycheck to paycheck.

EndTimesProphecyWatch.com

December 5, 2023

2–3 minutes

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NEWS REPORT:

Do you believe the politicians in Washington or do you believe your own eyes? The politicians keep telling us that “inflation is low”, but everyone can see that everything sure does cost a lot more than it once did. Our standard of living just keeps going down, and even JPMorgan Chase CEO Jamie Dimon is admitting that “inflation is hurting people”. But how can inflation be “hurting people” if it is under control? Of course the truth is that it isn’t under control. If the official rate of inflation was still measured using the formula that was in place in 1980, it would be well into double digit territory right now. Prices have been rising much faster than paychecks have, and that is putting an extraordinary amount of financial stress on the more than 60 percent of U.S. adults that currently live paycheck to paycheck.

Vox is a website that leans very far to the left, and even they are complaining about inflation.

In fact, a recent article posted on Vox boldly declared that life in 2023 “means being in a constant state of sticker shock”…

Life in 2023 means being in a constant state of sticker shock.

You walk out of the grocery store feeling like you’re not really sure what happened, but somehow, your normal fare ran you $50 more than you swear it should have. Did Diet Coke always cost that much? Or eggs? Maybe you’ve been putting off buying that new car in the hope prices go back to where they were pre-pandemic, but you’re starting to feel like the wait is awfully long. Or, the morning after a post-work happy hour, you’re left scratching your head. You swear you had two glasses of wine, but the size of your credit card receipt makes you wonder if it wasn’t four. “How expensive everything is today” is a top theme of conversation. The whole situation can be infuriating.

I don’t care for Vox much, but those two paragraphs are quite accurate.

Prices have reached absurd heights, and most of us really are “in a constant state of sticker shock” these days.

And the cold, hard numbers back this up.

According to a report from Republican members of the U.S. Senate Joint Economic Committee, the typical household in this country “must spend an additional $11,434 annually” in order to have the same standard of living that it did when Joe Biden entered the White House…

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