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submitted 5 months ago by yogthos@lemmy.ml to c/news@hexbear.net

The US economy is experiencing a "selective recession" where lower-income Americans are struggling due to rising costs and dwindling savings, while upper-income consumers remain unaffected. Inflation, although cooling down, has significantly impacted the purchasing power of lower and middle-income individuals. With the pandemic savings having been depleted for most Americans, recession fears are now growing as the job market weakens and interest rates remain high.

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[-] eight@hexbear.net 40 points 5 months ago
[-] KurtVonnegut@hexbear.net 23 points 5 months ago

I was promised bugs to eat and a pod to live in, yet I have neither. This sucks. Promises not kept!

[-] someone@hexbear.net 4 points 5 months ago

They'll offer a means-tested discount for a certain selection of bugs and pods, subject to clawbacks if the recipient is receiving other benefits or has savings more than $500.

[-] BigBoyKarlLiebknecht@hexbear.net 12 points 5 months ago

biden-fall That’s my American Rescue Plan, mack, I did that

this post was submitted on 23 May 2024
150 points (100.0% liked)

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