The US economy has been on the upswing in 2024, with new jobs, robust consumer spending, lower interest rates, falling inflation, and record Wall Street highs. However, many Americans still feel financially crippled by inflation, with their incomes not keeping up with soaring costs for housing, food, childcare, insurance, healthcare, fuel, subscriptions, and entertainment. Even those who felt the economy was doing very well complained of the exorbitantly high cost of living. Views on who was responsible for America’s economic shortcomings were split, with some blaming the Biden administration for triggering soaring levels of inflation and rising asset prices through unprecedented interventions to keep the economy afloat.
Shopping Cart