We want to hear from readers who have stories to share about the effects of increasing costs and a changing economy. If you’d like to share your experience, write to readerstories@marketwatch.com. Please include your name and the best way to reach you. A reporter may be in touch.On Friday, the Labor Department reported 263,000 new jobs in November, while the unemployment rate held steady at 3.7%. Layoffs remain low, despite mass job cuts in the tech sector.
Still, the fact that inflation is eating into people’s savings — and that essential goods like food, energy and housing have spiked in cost — is bound to make many people unhappy. Moderate-income Americans are struggling too. Maybe you can’t afford your favorite family meals, as the price of grocery store and supermarket purchases has jumped by 12.4% from last year. Or maybe you’re putting off a trip to see family this holiday season thanks to the higher cost of airfare, or you’re worried about losing your job as some business leaders warn of a recession. Perhaps you’re forced to rely on credit cards and personal loans, as credit-card debt is up 15% from a year ago.
Here is my experience. Giving people hands out will not fix the economy. Credits and exemptions work a lot better.
You need to dig deeper into the report to see it is flawed Look at the Household report These numbers appear to have been manipulated to benefit the Biden administration
Live within your means. Pretty simple.
I think I might max my credit cards on silver purchases
This is true. It's deliberate too.
People can send their credit card bills to the Fed for not fixing inflation and instead cowering to Wall street
In my personal opinion. Since Biden/Harris took office, groceries, gas and entertainment prices have skyrocketed. It’s undeniable.
Ask people mid winter. The worst of this administration hasn’t even taken full effect yet. Energy prices 📈📈📈
Economies is in a bad state when the world operates with proprietary databases
Don’t worry the Market will find out What 327,000,000 Americans are worrying about
Came back from the grocery store today and it cost $200 and barely even got anything…. Thanks Biden voters