
People are wondering why so many people are having trouble making ends meet if the economy is doing so well. It’s simple, the federal minimum wage is stuck at $7.25 and most younger folks are making less than $20 an hour, paying significantly higher rent, having to use high interest credit cards to get by, and many are paying off exorbitant student loans. They don’t have social security, big stock portfolios, savings accounts to fall back on or home equity to borrow against. They are struggling.
Robert Reich recently said, “We’re paying a whopping 25% more for groceries than we did in 2019. In 2022, grocery prices rose more than they had in over 4 decades
Inflation is cooling, but the prices keep going up.” And, it’s not just groceries, many corporations are seeing record profits that primarily come from price increases.


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