On Tuesday’s edition of NPR’s “Marketplace” podcast, host Kai Ryssdal, Correspondent Mitchell Hartman, and Morning Consult Senior Economist Kayla Bruun stated that despite the rate of inflation easing, low-income earners “are still playing economic catch-up and coming from way behind to do it.” And are “falling behind” and “now less financially secure.”
Ryssdal said, [relevant remarks begin around 16:40] “During the distressing peak of those rising prices, overall real wages lagged, and they lagged a lot. Even though paychecks were going up, prices were going up more. This spring though, that trend turned around, and average hourly earnings starting outpacing the Consumer Price Index. That is welcome news for low-income Americans in particular, who are most affected by inflation, but…they are still playing economic catch-up and coming from way behind to do it.”
Everyone wants less Government until it hits their pocketbook and then they are quick to blame the Government and their elected All Stars for their fiscal failings and LOL of ALL things GAS prices. The responsibility should fall upon the people and not look for some trickle-down crumbs from their Rah Rah Commander in Chief. Instead of arming yourself and storming the Capitol grunting and groaning take a REAL stand DON’T pay your taxes. Most of these people live for their return though.
10:10 says “Don’t pay your taxes”, as a form of protest I guess. I don’t think that is a wise move with 87,000 new armed and possibly trained IRS agents now on the beat.
BANKRUPTCYS coming in a LANDSLIDE !!! FACT Thank BIDEN !!!!