Fuel Costs Squeeze Lower-Income Households Amid Widening Economic Divide
Find out why higher gas prices are hurting lower-income Americans more and forcing them to cut back on spending.
#GasPrices, #Inflation, #LowIncome, #EconomicDivide, #CostOfLiving
https://newsletter.tf/higher-gas-prices-hurt-low-income-americans/
Lower-income households are spending more on gas, even as they cut back. This is a bigger problem than last year.
#GasPrices, #Inflation, #LowIncome, #EconomicDivide, #CostOfLiving
https://newsletter.tf/higher-gas-prices-hurt-low-income-americans/


President Donald Trump has proposed boosting defense spending to $1.5 trillion in his 2027 budget released Friday, the largest such request in decades, reflecting his emphasis on U.S. military investments over domestic programs. The sizable increase for the Pentagon, some 44%, had been telegraphed by the Republican president even before the U.S.-led war against Iran. The president’s plan would also reduce spending on non-defense programs by 10%. The massive document typically highlights an administration’s priorities, but Congress, which handles federal spending issues, is free to reject it and often does.