Inflation is cooling, yet many Americans say they're living paycheck to paycheck

https://lemmy.world/post/17601144

Inflation is cooling, yet many Americans say they're living paycheck to paycheck - Lemmy.World

>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.

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