US - Economic Slowdown 07 (Aug 22 - Dec 25)

[behappyalways]

美通膨民眾縮手 年底旺季商場不敢多徵人｜FOCUS午間新聞 2022093
https://m.youtube.com/watch?v=k6pgWF8xpPQ

[winston]

Unrelenting inflation is taking a toll, leaving more Americans living paycheck to paycheck

by Jessica Dickler

KEY POINTS

With persistent inflation weighing on consumers, the number of Americans living paycheck to paycheck is increasing, according to a recent report.

The rise has been sharpest for higher earners, the report found.

Source: CNBC

https://www.cnbc.com/2022/09/30/stubbor ... heck-.html

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[behappyalways]

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[behappyalways]

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[winston]

Will the Fed Crumble Under Pressure?

1. 32% of adults have paid a bill late in the past six months and 61% of them said it’s because they didn’t have the money on hand to cover the cost. About 40% said they are less able to afford their bills compared with one year ago.
2. Majority of CEOs across the world see a recession coming and more than half are considering layoffs.

Source: Investor Place

[behappyalways]

Americans Are Getting Poorer: Price Inflation Grew Faster Than Wages Again In September
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[behappyalways]

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[winston]

Living paycheck to paycheck

As of September, 63% of Americans were living paycheck to paycheck, according to a recent LendingClub report — near the 64% historic high hit in March.

A year ago, the number of adults who felt strained was closer to 57%...

A separate report by Salary Finance found that two-thirds of working adults said they are worse off financially than they were a year ago.

According to LendingClub, even high-income earners are feeling stretched. The report finds that of those earning more than $100,000, 49% reported living paycheck to paycheck. That’s a big jump from the previous year’s 38%. ''

Source: CNBC

[behappyalways]

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