Important Takeaways:
- 62% of Americans are still living paycheck to paycheck, making it ‘the main financial lifestyle,’ report finds
- The number of Americans who say they are stretched too thin has shown no signs of improvement amid high prices and higher interest rates.
- Federal Reserve Chair Jerome Powell recently said “inflation is still too high,” indicating that interest rates will stay higher for longer.
- High inflation and higher interest rates continue to weigh on American households.
- As of September, 62% of adults said they are living paycheck to paycheck, according to a new LendingClub report. The figure is unchanged from last year.
- “Living paycheck to paycheck remains the main financial lifestyle among U.S. consumers,” the report said.
- “Many are having to make tough choices to defer discretionary spending in order to stay on top of their loan payments and the costs of necessities,” he added. The resumption of student loan payments only adds to this stress.
Read the original article by clicking here.
Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- Report: 44% of Americans Work a Second Job, 13% Increase Under Biden
- The recent increase under President Joe Biden is highlighted by a survey from FlexJobs, which found 69 percent of employed professionals either have a side job or want one.
- The desire to work longer hours at a second job comes as Biden’s 40-year-high inflation cost American households an extra $5,200 in 2022 or $433 per month on average, according to Bloomberg.
- The LendingClub report also revealed 62 percent of Americans, including 48 percent of high-income consumers, were living paycheck to paycheck
Read the original article by clicking here.
Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Amid record inflation, 36% of employees earning $100,000 or more say they are living paycheck to paycheck
- Thirty-six percent of U.S. employees with salaries of $100,000 or more are living paycheck to paycheck, double the share in 2019, according to Willis Towers Watson.
- The highest earners are the only income group that reported an increase over that time.
- The Consumer Price Index was up 8.6% in May from a year earlier, the highest inflation reading in about 40 years.
Read the original article by clicking here.
Important Takeaways:
- We Have Never Been More Vulnerable, And The Stage Has Now Been Set For A Complete And Total Economic Collapse
- In these tough financial times, a new study finds it’s getting harder and harder for people to save any of their money. In fact, seven in 10 Americans say they’re living paycheck to paycheck.
- Most people do not have a sizable financial cushion to fall back on.
- In fact, the head commodity strategist for Goldman Sachs just publicly admitted that the world is now facing shortages of virtually all major commodities…
- “I’ve been doing this 30 years and I’ve never seen markets like this,” Currie told Bloomberg TV in an interview on Monday. “This is a molecule crisis. We’re out of everything, I don’t care if it’s oil, gas, coal, copper, aluminum, you name it we’re out of it.”
- Tyson Foods just announced that it will be raising prices yet again…
- According to the report, beef prices jumped by 32% in the quarter, with chicken up ~20% and pork 13%.
Read the original article by clicking here.
