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Excerpt from lidblog.com
A report released by the Federal Reserve found that 65 percent of Americans say they are worse off now than they were last year thanks to Bidenflation.
The report also says that Americans also say that they are unable to pay their bills or buy food.
Per CNN:
Inflation may have slowed last year, but it continued to deal heavy blows — some devastating — on Americans’ livelihoods: Nearly two-thirds of US adults were worse off because of it, and roughly 1 in 6 couldn’t pay all their monthly bills, new Federal Reserve data shows…
Inflation made the financial lives “worse” for 65% of US households, according to the report. Among those, 19% said it was “much worse.”…
Incomes grew healthily in 2023, but so did spending, the Fed report showed. Monthly budgets remained tight and more than half of adults didn’t have money left over after paying their expenses.
This was especially true for lower-income adults, who reported higher instances of not having enough to eat, not being able to cover bills in full and skipping medical care.
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