- cross-posted to:
- news@hexbear.net
- usa@lemmy.ml
- cross-posted to:
- news@hexbear.net
- usa@lemmy.ml
The US economy is experiencing a “selective recession” where lower-income Americans are struggling due to rising costs and dwindling savings, while upper-income consumers remain unaffected. Inflation, although cooling down, has significantly impacted the purchasing power of lower and middle-income individuals. With the pandemic savings having been depleted for most Americans, recession fears are now growing as the job market weakens and interest rates remain high.
yeah seriously