Keep this in mind when you look at a particular stock you own and wonder why the share price isn't going up even with good news. With escalating costs of everything, to maintain a lifestyle people are used to, they have to cut from some where else. Discretionary investment money is one such place. Others have to tap investments to use to pay for household needs, which mean selling.
As of August, 60% of Americans were living paycheck to paycheck, according to a recent LendingClub report — a number that hasn’t budged much since inflation hit 40-year highs. A year ago, the number of adults who felt stretched too thin was closer to 55%.
Even high-income earners are feeling the strain, the report found. Of those earning more than six figures, 45% reported living paycheck to paycheck, a jump from the previous year’s 38%.
The consumer price index, which measures the average change in prices for consumer goods and services, rose a higher-than-expected 8.3% in August, driven by increases in food, shelter and medical care costs.
When the corrupt in DC continue to print money to fund their pet projects (eco-baloney stuff, Ukraine oligarch support checks, etc.) and the White House occupier still blocks full exploration and transportation of our greatest natural resources, the lower and middle classes will continue to get crushed.
Solutions that would impact the bottom line of those suffering economically are actually not hard or complicated to implement to get on the road to recovery. But the elites don't want that.
