Nearly half of all Americans are falling deeper in debt as inflation continues to boost costs (THANKS JOE)

m.knox

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Great results for Americans of ALL races, sexes, religions....... Not.

https://www.cnbc.com/2022/07/26/nea...deeper-in-debt-as-inflation-boosts-costs.html

  • With inflation hitting a 40-year high in June, Americans are struggling to keep up with rising prices and putting less money aside for emergencies or long-term financial goals, several studies show.
  • Americans’ overall satisfaction with their financial condition now stands at a 12-month low, and 43% of consumers expect to add to their debt in the second half of the year.
 

2lion70

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Joe even has Walmart lowering prices. The man has super duper great powers - more than most mortals.
 

bdgan

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Great results for Americans of ALL races, sexes, religions....... Not.

https://www.cnbc.com/2022/07/26/nea...deeper-in-debt-as-inflation-boosts-costs.html

  • With inflation hitting a 40-year high in June, Americans are struggling to keep up with rising prices and putting less money aside for emergencies or long-term financial goals, several studies show.
  • Americans’ overall satisfaction with their financial condition now stands at a 12-month low, and 43% of consumers expect to add to their debt in the second half of the year.
All they need is loan forgiveness and redistribution payments. Problem solved.
 

junior1

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May 29, 2001
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Great results for Americans of ALL races, sexes, religions....... Not.

https://www.cnbc.com/2022/07/26/nea...deeper-in-debt-as-inflation-boosts-costs.html

  • With inflation hitting a 40-year high in June, Americans are struggling to keep up with rising prices and putting less money aside for emergencies or long-term financial goals, several studies show.
  • Americans’ overall satisfaction with their financial condition now stands at a 12-month low, and 43% of consumers expect to add to their debt in the second half of the year.
that can't be right. Every time I see one of Biden's economic advisors on tv they, to a person, tell us what great financial shape the american people are in. They wouldn't lie would they? (forget about all those people in the food bank lines)
 

m.knox

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that can't be right. Every time I see one of Biden's economic advisors on tv they, to a person, tell us what great financial shape the american people are in. They wouldn't lie would they? (forget about all those people in the food bank lines)

I'm sure 2lying @2lion70 has an explanation for you.
 
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Catch50

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Great results for Americans of ALL races, sexes, religions....... Not.

https://www.cnbc.com/2022/07/26/nea...deeper-in-debt-as-inflation-boosts-costs.html

  • With inflation hitting a 40-year high in June, Americans are struggling to keep up with rising prices and putting less money aside for emergencies or long-term financial goals, several studies show.
  • Americans’ overall satisfaction with their financial condition now stands at a 12-month low, and 43% of consumers expect to add to their debt in the second half of the year.
They should stop buying meth, beer and fireworks.
 

Hotshoe

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It's rather clear, even with a so called education, folks don't get the viscous cycle poverty is. Then they mock folks in that status. Rather pathetic.
 
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m.knox

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Other couples have kids who want fireworks. Even adults love fireworks. Fireworks or medicine?

I just watch others shoot them off now. Though, theirs weren't as good a mine. I liked those fancy spark shower things. Lots of diversity.
 

Catch50

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What does it have to do with

Nearly half of all Americans are falling deeper in debt as inflation continues to boost costs (THANKS JOE)?​

If inflation is hurting people, then they should not waste money on NON-ESSENTIALS.
 

m.knox

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If inflation is hurting people, then they should not waste money on NON-ESSENTIALS.

I agree. Buckle up butter cup. The #JOEBIDENCOOLEREFFECT is in full effect.

Then again, some of us still have disposable income.
 

Catch50

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I agree. Buckle up butter cup. The #JOEBIDENCOOLEREFFECT is in full effect.

Then again, some of us still have disposable income.
Many don't have disposable income but still must have their booze, cigarettes and fireworks. Including Republican deplorables.
 

m.knox

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Many don't have disposable income but still must have their booze, cigarettes and fireworks. Including Republican deplorables.

The ones in the inner cities who sit around waiting for their checks every month?
 

maypole

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We are so lucky to have stupid government employees, who destroyed this country, telling us how we can do better.

Mind your extremely average IQ.
It’s you who has a low iq, too stupid to know we’re not in a recession and too stupid to even look up the definition.
 

Catch50

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We are so lucky to have stupid government employees, who destroyed this country, telling us how we can do better.

Mind your extremely average IQ.
Stupid engineer listen up. It is not for government to make laws to what citizens can choose. It for citizens to make choices on their own as to what their priorities are.

Government employees "destroyed" this country? Good luck trying to explain that one. I'm guess you won't even try.
 

m.knox

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And the white ones in the rural south. Waiting for their meth.

That's why I always post this one.

The war America lost​


https://nypost.com/2013/11/22/the-war-america-lost/

What never came were the results LBJ promised when he launched this war: a victory that would “conquer poverty” and “chart an entirely new course of hope for our people.”

It hasn’t turned out that way in Kentucky. A former elementary-school principal says that even the children in this area find themselves sucked in by the culture of dependency. “Instead of talking about a future of work, or a profession, they talk about getting a check,” he says. “That’s what they’ve heard all their lives.”

The quotation and the facts and figures all come from an extraordinary dispatch published a few days ago in the Lexington (Ky.) Herald-Leader. In it, John Cheves describes the devastations of 50 years of federal aid on people who’ve traded one form of impoverishment for another.

“The problem facing Appalachia today isn’t Third World poverty,” writes Cheves. “It’s dependence on government assistance.”
 

Catch50

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That's why I always post this one.

The war America lost​


https://nypost.com/2013/11/22/the-war-america-lost/

What never came were the results LBJ promised when he launched this war: a victory that would “conquer poverty” and “chart an entirely new course of hope for our people.”

It hasn’t turned out that way in Kentucky. A former elementary-school principal says that even the children in this area find themselves sucked in by the culture of dependency. “Instead of talking about a future of work, or a profession, they talk about getting a check,” he says. “That’s what they’ve heard all their lives.”

The quotation and the facts and figures all come from an extraordinary dispatch published a few days ago in the Lexington (Ky.) Herald-Leader. In it, John Cheves describes the devastations of 50 years of federal aid on people who’ve traded one form of impoverishment for another.

“The problem facing Appalachia today isn’t Third World poverty,” writes Cheves. “It’s dependence on government assistance.”
Imagine that. Deep Red Kentucky has dependence on Government.
 

Catch50

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Yup. Bad government policy effects all of us.
Including bad policy that doesn't create enough jobs. Inner city kids may have more job opportunities but the rural south probably does not.
 

m.knox

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Including bad policy that doesn't create enough jobs. Inner city kids may have more job opportunities but the rural south probably does not.

Exactly. That's why we should be doing what Trump did.

Unemployment-vs.-Job-Openings-300x180.jpg