The pain is acute because price increases are outpacing wage gains for most American households, especially those with lower incomes. The gap between wage growth for the most affluent & least affluent households has been larger this year than at any time in the past decade, according to Bank of America Institute, which uses proprietary data from the bank’s enormous customer base.
#Trump #economy #inflation #affordability #CostOfLiving #recession #trumpcession #WealthGap #idiocracy #kakistocracy
#Trump also has been rolling back #FederalPrograms that help households make ends meet. His signature domestic policy law, passed in July, will reduce access to #Medicaid & #FoodStamps. Because of Trump’s opposition to an extension of #HealthInsurance subsidies, millions of Americans will soon face sharply higher premiums.
#economy #inflation #affordability #CostOfLiving #recession #trumpcession #WealthGap #idiocracy #kakistocracy