Thank you Bidenomics.
FJB.

'Two-thirds of middle-income Americans say they are falling behind due
to cost of living: Primerica
More families report cutting back on spending and saving in the second
quarter as inflation continues to squeeze budgets'

<https://www.foxbusiness.com/economy/two-thirds-middle-income-americans-say-falling-behind-due-cost-living>

<https://investors.primerica.com/news-events/press-releases/detail/320/national-survey-two-thirds-of-middle-income-families>

'The vast majority of middle-income Americans say they are struggling to
keep up financially after years of elevated inflation in the U.S., with
two-thirds reporting they feel they are falling behind due to the high
cost of living.

That's according to Primerica's Financial Security Monitor (FSM) survey
for the second quarter of 2024, which polled more than 1,000 U.S. adults
with incomes between $30,000 and $130,000. '

'Sixty-six percent of the respondents surveyed between June 8 through 11
said their income was falling behind their cost of living, and 48% said
they were either cutting costs or quit saving altogether in order to
make ends meet.

The data is consistent with separate recent findings published by the
National True Cost of Living Coalition, which showed that 65% of
Americans whose incomes are 200% above the national poverty line – which
is about $62,300 for a family of four, often considered middle class –
said they are struggling financially. '

'Primerica's analysis pointed to "a major shift in spending and saving
habits among middle-income families," finding that 80% of households are
preparing more meals at home rather than eating meals at restaurants or
ordering take-out over the past year.'

'The top reason cited for scaling back on dining out was budget
concerns, with 72% stating it was a primary factor for their decision.
Sixty-two percent of respondents said they made the move due to
"unreasonably high" restaurant prices.

"Middle-income families are continuing to make adjustments in their
budgets in an attempt to manage the ongoing high cost of living," said
Glenn Williams, CEO of Primerica. "Unfortunately, their difficult
decisions include the increasing use of credit cards and scaling back
saving for the future, which both could negatively impact their
long-term financial condition."'

'Most households have seen their monthly expenses rise as the result of
the ongoing inflation crisis. Although the consumer price index has
fallen from a peak of 9.1%, it remains notably higher than pre-pandemic
levels. And when compared with January 2021, before prices began to
spike, inflation is up more than 18%.'

'Grocery prices are up more than 21% from the start of 2021, and shelter
costs are up 18.37%, according to FOX Business calculations. Energy
prices are up 38.4.%.'

'The typical U.S. household needed to pay $227 more a month in March to
purchase the same goods and services it did one year ago because of
still-high inflation. Americans are paying on average $784 more each
month compared with the same time two years ago and $1,069 more compared
with three years ago.

Meanwhile, real wages – when factoring in inflation – are down 2.2% from
January 2021 to May 2024.'

On 2024-07-07, John Smyth <smythlejon2@hotmail.com> wrote:
> Thank you Bidenomics.
> FJB.
>
>
> 'Two-thirds of middle-income Americans say they are falling behind due
> to cost of living: Primerica
> More families report cutting back on spending and saving in the second
> quarter as inflation continues to squeeze budgets'
>https://www.politifact.com/article/2023/dec/07/donald-trump-was-asked-if-he-will-be-a-dictator-if/
><https://www.foxbusiness.com/economy/two-thirds-middle-income-americans-say-falling-behind-due-cost-living>
>
><https://investors.primerica.com/news-events/press-releases/detail/320/national-survey-two-thirds-of-middle-income-families>
>
> 'The vast majority of middle-income Americans say they are struggling to
> keep up financially after years of elevated inflation in the U.S., with
> two-thirds reporting they feel they are falling behind due to the high
> cost of living.
>
> That's according to Primerica's Financial Security Monitor (FSM) survey
> for the second quarter of 2024, which polled more than 1,000 U.S. adults
> with incomes between $30,000 and $130,000. '
>
> 'Sixty-six percent of the respondents surveyed between June 8 through 11
> said their income was falling behind their cost of living, and 48% said
> they were either cutting costs or quit saving altogether in order to
> make ends meet.
>
> The data is consistent with separate recent findings published by the
> National True Cost of Living Coalition, which showed that 65% of
> Americans whose incomes are 200% above the national poverty line – which
> is about $62,300 for a family of four, often considered middle class –
> said they are struggling financially. '
>
> 'Primerica's analysis pointed to "a major shift in spending and saving
> habits among middle-income families," finding that 80% of households are
> preparing more meals at home rather than eating meals at restaurants or
> ordering take-out over the past year.'
>
> 'The top reason cited for scaling back on dining out was budget
> concerns, with 72% stating it was a primary factor for their decision.
> Sixty-two percent of respondents said they made the move due to
> "unreasonably high" restaurant prices.
>
> "Middle-income families are continuing to make adjustments in their
> budgets in an attempt to manage the ongoing high cost of living," said
> Glenn Williams, CEO of Primerica. "Unfortunately, their difficult
> decisions include the increasing use of credit cards and scaling back
> saving for the future, which both could negatively impact their
> long-term financial condition."'
>
> 'Most households have seen their monthly expenses rise as the result of
> the ongoing inflation crisis. Although the consumer price index has
> fallen from a peak of 9.1%, it remains notably higher than pre-pandemic
> levels. And when compared with January 2021, before prices began to
> spike, inflation is up more than 18%.'
>
> 'Grocery prices are up more than 21% from the start of 2021, and shelter
> costs are up 18.37%, according to FOX Business calculations. Energy
> prices are up 38.4.%.'
>
> 'The typical U.S. household needed to pay $227 more a month in March to
> purchase the same goods and services it did one year ago because of
> still-high inflation. Americans are paying on average $784 more each
> month compared with the same time two years ago and $1,069 more compared
> with three years ago.
>
> Meanwhile, real wages – when factoring in inflation – are down 2.2% from
> January 2021 to May 2024.'
>

This is why the MSM avoid discussing Biden's policies but instead focus on his age and cognitive
abilities.

--
pothead
Joe Biden is the absolute WORST President Of the U.S. ever.
Nobody else is even close. Including Jimmy Carter.
Vote for ANYBODY but Joe Biden in 2024.

On Mon, 8 Jul 2024 00:28:14 -0000 (UTC), pothead <pothead@snakebite.com> wrote:

>On 2024-07-07, John Smyth <smythlejon2@hotmail.com> wrote:
>> Thank you Bidenomics.
>> FJB.
>>
>>
>> 'Two-thirds of middle-income Americans say they are falling behind due
>> to cost of living: Primerica
>> More families report cutting back on spending and saving in the second
>> quarter as inflation continues to squeeze budgets'
>>https://www.politifact.com/article/2023/dec/07/donald-trump-was-asked-if-he-will-be-a-dictator-if/
>><https://www.foxbusiness.com/economy/two-thirds-middle-income-americans-say-falling-behind-due-cost-living>
>>
>><https://investors.primerica.com/news-events/press-releases/detail/320/national-survey-two-thirds-of-middle-income-families>
>>
>> 'The vast majority of middle-income Americans say they are struggling to
>> keep up financially after years of elevated inflation in the U.S., with
>> two-thirds reporting they feel they are falling behind due to the high
>> cost of living.
>>
>> That's according to Primerica's Financial Security Monitor (FSM) survey
>> for the second quarter of 2024, which polled more than 1,000 U.S. adults
>> with incomes between $30,000 and $130,000. '
<snip>

Average hourly wage growth has exceeded inflation for 12 straight months, according to new
Bureau of Labor Statistics data released this morning. This real (or inflation-adjusted)
wage growth is a key indicator of how well the average worker's wage can improve their
standard of living.May 15, 2024
<https://www.epi.org/blog/average-wages-have-surpassed-inflation-for-12-straight-months/#:~:text=Average%20hourly%20wage%20growth%20has,improve%20their%20standard%20of%20living.>

Swill

NP: Celestial Navigations - Horses