US politicians have recently passed some massive spending bills, delegating hundreds of billions more in spending for climate issues, health care, and more.
If one were waiting for discussions of sound money to be tossed around and considerations for more efficient monetary systems to begin circulating, you will be waiting a long time for that to happen.
It is going to be the same old song and dance for awhile yet, there is more spending to do.
Meanwhile, inflation has reached a 40+ year high and the cost of living is on the minds of billions of people right now.
It's estimated that some half of Americans are living paycheck to paycheck. There is little room for individuals and families to absorb any emergency that might come up.
Food banks and other resources are also stressed and have been throughout the pandemic.
They've got billions to send to Ukraine meanwhile hundreds of thousands of people in the US sleep on the streets in tents, and millions of families live in food insecure households. The US is trillions in debt and a growing number of people seem to be questioning the system, credibility of the FED, and if or when things might start to get better for the average person.
Surveys have indicated that many see the rising cost of living as the biggest threat to their financial security and standards of living have been arguably decreasing drastically for years now for many.
Pics:
pixabay
Sources:
https://www.cbsnews.com/news/inflation-reduction-act-passes-house-of-representatives-today-biden-signature-2022-08-12/
https://www.politico.com/news/2022/07/13/us-inflation-new-40-year-high-june-00045541