Inflation is cooling, yet many Americans say they're living paycheck to paycheck ( www.cbsnews.com )

Even as inflation continues to cool into the second half of 2024, many Americans say they're still struggling to make ends meet.

Roughly one-third of U.S. workers say they're living paycheck to paycheck and have nearly no money for savings after paying their monthly bills, according to a survey from personal finance website Bankrate.

dragontamer ,

Inflation is cooling because Americans are living paycheck to paycheck.

Inflation was never going to come down until people ran out of money. Basic economics unfortunately. When people are tight on money and cut down on spending, demand drops. And with demand dropping inflation goes down.

TommySoda ,

Because I've always lived paycheck to paycheck. Even my parents did when I was a kid. My rent is 70% of my paycheck. What else ya want me to fucking do?

FartsWithAnAccent ,
@FartsWithAnAccent@fedia.io avatar

I've been living my whole life pay check to pay check despite being highly qualified in multiple fields, no fucking shit CBS.

LibertyLizard ,
@LibertyLizard@slrpnk.net avatar

Because the fed chose to solve inflation by putting downward pressure on wages. This was the only way it could ever happen.

Unless we actually tried to fix the problem in other ways than rate hikes. But since the federal government is completely dysfunctional, the only thing they could agree on was doing nothing and leaving the job to the Fed’s hammer. And we were the nails.

card797 ,

The rate of inflation is slower but prices are never going back down.

redeyejedi ,

On top of that companies used inflation as an excuse to raise prices higher than they should have.

zelifcam ,
@zelifcam@lemmy.world avatar

It stopped raining but grass is still wet

Prox ,

It's still raining, but it's not raining as hard as it was a while ago. Grass is still wet.

FTFY

zelifcam ,
@zelifcam@lemmy.world avatar

I Agree. Like that better.

And to be fair, the paycheck to paycheck thing has been going on for generations. It’s fucked up.

FlowVoid ,

And historically, it rains over 90% of the time.

SatansMaggotyCumFart ,

I’ve been living paycheck to paycheck for twenty years now.

Reverendender ,
@Reverendender@sh.itjust.works avatar

There’s another way?

SatansMaggotyCumFart ,

I’m just happy I got out of the payday loan to pay off payday loans trap two years ago.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • •
  • random
  • news@lemmy.world
  • test
  • worldmews
  • mews
  • All magazines
    •