Inflation is cooling, yet many Americans say they're living paycheck to paycheck - eviltoast
A Bankrate survey found that one-third of Americans say they're living paycheck to paycheck and have little money for savings.

cross-posted from: https://lemmy.world/post/17601144

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.

  • nbailey@lemmy.caEnglish
    651·
    4 months ago

    Well, yeah. The rate of increases is slowing, but prices are still high. There isn’t, and won’t be, deflation, that’s a catastrophically bad long term economic effect (at least, according to economists)

    • Cagi@lemmy.ca
      51·
      4 months ago

      Only within capitalism, where the myth of eternal growth is a central pillar.

      • reallykindasorta@slrpnk.net
        4·
        4 months ago

        Yeah, and for stability under capitalism it is indeed a necessity rather than a myth. We really need to wean ourselves from this market mediation (even if it’s too late to save ourselves there’s honor in the attempt).