The U.S. Economy Is Insulated From High Oil Prices. Americans Aren't:
The overall economy has proved resilient in recent years, even as many households have struggled–
Facing "frustration, insecurity and, in many cases, real hardship."
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#USA #US #USeconomy #prices #inflation
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https://www.nytimes.com/2026/03/20/business/us-economy-oil-prices-inflation-iran-war-americans.html
"Now the U.S.-Israeli war with Iran is threatening to deliver another inflationary blow just as the effects of tariffs were beginning to fade."
(Note. The #Trump admin is also working hard to enact broad tariffs in different ways.)
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#USA #US #USeconomy #prices #inflation
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https://www.nytimes.com/2026/03/20/business/us-economy-oil-prices-inflation-iran-war-americans.html
"Those higher costs are hitting at a time when many families are struggling with mounting debt and dwindling savings, and when a weakening labor market has sapped workers' bargaining power and made them nervous about their job security."
"The most immediate impact...will be on consumers."
(Whose spending, by the way, makes up a great percentage of US GDP)
Consumer sentiment has already dropped since the start of Trump's #Iran war.
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#USA #USeconomy #prices #inflation #trump #IranWar
Even if there is no overall recession in the US economy in the near future, the mounting debt, dwindling savings, and weakening labor market that Americans already deal with will compound the negative economic effects of Trump's war in Iran.
To those of lower incomes especially, the near future may very well *feel* like a recession.
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#USA #US #USeconomy #prices #inflation
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https://www.nytimes.com/2026/03/20/business/us-economy-oil-prices-inflation-iran-war-americans.html
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