Inflation has caused the standard of living to plummet in the United States. The population is being crushed by the cost of living, which is spurred by inflation.
Housing costs have risen to absurd heights, property taxes have become absolutely insane and unaffordable in many areas of the country, while health insurance premiums have more than doubled for millions of Americans. Wages are not keeping up with these cost increases either, and more Americans are using credit cards and other debt just to get by month to month.
The total cost of groceries has climbed 28.3% since January 2020, just before the pandemic hit, according to Pew Research Center analysis, with meat, poultry, fish, and eggs rising particularly fast. Has anyone gotten a raise large enough to cover that?
High Numbers Of Americans Are Skipping Meals Or Putting Off Medical Care Because Of The High Cost Of Living
Accoridng to a report by The Economic Collapse Blog, 92% of employed Americans are cutting back on spending in order to stay afloat financially.
For millions of Americans, staying financially afloat now means difficult trade-offs. As the price of everyday necessities continues to rise faster than wages, new data shows workers are cutting back wherever they can – often at the expense of savings, overall financial security and even essential needs.
That is the picture emerging from Resume Now’s 2026 Cost-of-Living Crunch Report, a national survey of 1,011 employed Americans, which has found that only 17 percent of Americans feel financially secure enough to cover essentials and save money. Nearly two-thirds of respondents cited everyday essentials as their biggest financial burden. What’s more, a remarkable 92 percent said they have cut back on spending, including on items many would previously have considered non-negotiable. –Newsweek
Affordability Crisis Worsens As 2026 Approaches
Pushing the world toward war at the same time as many are struggling is going have catastrophic outcomes should a hot war pop off. We are on the precipice of economic destruction and a global war, which can feel terrifying for so many.
A survey that was conducted at the end of December found that 70 percent of Americans consider the cost of living where they live to be “not very affordable” or “not affordable at all.”
American consumers aren’t feeling great about the economy or their own financial situation, with the phrase “affordability crisis,” CNBC wrote in December.
Consider protecting your wealth from inflation with precious metals, such as silver.
The Price Of Silver Goes Parabolic As The Cost Of Living Spikes And Mass Layoffs Occur All Over The Nation