Sadly, as I pointed out in a previous article, we have now reached a point where “affordability” has become the number one issue for U.S. voters…
A University of Michigan poll published in December shows that high prices remain a pain point for consumers. About 46% blame high prices for poor personal finances — among the highest shares since the series started in the late 1970s.
Consumers’ views of their current financial situation in December “collapsed” into negative territory for the first time since July 2022, the month after pandemic-era inflation had peaked, according to a poll published Tuesday by the Conference Board.
Overall, 65% of U.S. households say the cost of living has gotten worse or much worse in the past year, according to a recent Politico poll.Previous generations handed us the keys to the greatest economic machine that the world had never seen.
And we went out and wrecked it.
50 years ago, the U.S. economy was so dominant that it would have taken stupidity on an epic scale to cause it to fail.
But somehow we managed to do it.