The US Dollar is rapidly losing its purchasing power. Everybody who buys food and other basic necessities inherently knows this.
RT:
The number of US adults with declining incomes has soared in recent weeks in a sign of a weakening labor market, Bloomberg reported on Wednesday.
The share of households facing a drop in their incomes rose from 10.7% in August to 11.8% last month, the outlet said, citing a survey of the US labor market by data intelligence company Morning Consult. The increase was mainly driven by high- and middle-income families and the West region of the United States.
About 20% of adults polled, who earn $100,000 or more annually, reported that they expected their incomes to drop in the next four weeks.
The share of employees who reported working over 35 hours fell to 46.7%, representing a 12% drop from September 2022. The decline marked the lowest level since the spring of 2021, signaling a slowdown in US business activity, the survey revealed. The most cited reason by respondents was soft business conditions.
Many people are experiencing not just a real drop in income but a nominal drop in income.
The economic situation in America is not going to improve. The United States government is controlled by Jews who want to continue dumping tax money into all these stupid foreign wars. Not only are these Jews going to continue dumping money into the Ukraine fiasco, but they are undoubtedly going to dump more money and resources into Israel to defend their Jew terror base.
All of this insanity is going to be supported through more money printing and other fiscally irresponsible agendas. At the same time all of this is happening the American people are being gaslighted with false economic data that is designed to make people think the economy is doing better than it actually is.