Sky News Australia on Nostr: Americans ‘spending more of their money’ to buy ‘less and less’ ========== ...
Americans ‘spending more of their money’ to buy ‘less and less’
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Americans are having to "spend more of their money" to buy "less and less". Unemployment is low and inflation is low in the US economy, but everyday people are experiencing rising prices. For example, the price of a dozen eggs has increased by 50% since the start of the pandemic, while people's income has only gone up by 17%. This is why President Biden is facing challenges in improving the economy. The economy affects people on a personal level, and it is important to consider both the macro and micro levels.
https://www.skynews.com.au/world-news/united-states/americans-spending-more-of-their-money-to-buy-less-and-less/video/9cab6f7d696f0d8413aac218c5cf7618
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Americans are having to "spend more of their money" to buy "less and less". Unemployment is low and inflation is low in the US economy, but everyday people are experiencing rising prices. For example, the price of a dozen eggs has increased by 50% since the start of the pandemic, while people's income has only gone up by 17%. This is why President Biden is facing challenges in improving the economy. The economy affects people on a personal level, and it is important to consider both the macro and micro levels.
https://www.skynews.com.au/world-news/united-states/americans-spending-more-of-their-money-to-buy-less-and-less/video/9cab6f7d696f0d8413aac218c5cf7618