{"id":334807,"date":"2023-01-26T06:40:53","date_gmt":"2023-01-26T11:40:53","guid":{"rendered":"https:\/\/www.sgtreport.com\/?p=334807"},"modified":"2023-01-25T22:19:23","modified_gmt":"2023-01-26T03:19:23","slug":"the-cost-of-living-has-become-extremely-oppressive-and-57-percent-of-americans-cannot-afford-a-1000-emergency-expense","status":"publish","type":"post","link":"https:\/\/www.sgtreport.com\/2023\/01\/the-cost-of-living-has-become-extremely-oppressive-and-57-percent-of-americans-cannot-afford-a-1000-emergency-expense\/","title":{"rendered":"The Cost Of Living Has Become Extremely Oppressive And 57 Percent Of Americans Cannot Afford A $1,000 Emergency Expense"},"content":{"rendered":"

by Michael Snyder, The Economic Collapse Blog<\/a>:<\/em><\/p>\n

\"\"<\/p>\n

I don\u2019t have to tell you that your money doesn\u2019t go as far as it once did.\u00a0 You see it every time that you go shopping.\u00a0 Our leaders flooded the system with money and pursued highly inflationary policies for years, and now we are all paying the price.\u00a0 The cost of living has been rising much faster than our incomes have, and this is systematically destroying the middle class.\u00a0 Survey after survey has shown that a solid majority of the population is living paycheck to paycheck, and at this point most U.S. consumers are tapped out.\u00a0 In fact, one brand new survey just discovered that 57 percent of Americans\u00a0cannot even afford to pay a $1,000 emergency expense<\/a>\u2026<\/p>\n

TRUTH LIVES on at\u00a0https:\/\/sgtreport.tv\/<\/a><\/p>\n

According to\u00a0Bankrate\u2019s Annual Emergency Fund Report<\/a>, 68% of people are worried they wouldn\u2019t be able to cover their living expenses for just one month if they lost their primary source of income. And when push comes to shove, the majority (57%) of U.S. adults are currently unable to afford a $1,000 emergency expense.<\/p>\n

When broken down by generation,\u00a0Gen Zers<\/a>\u00a0(85%) and\u00a0Millennials<\/a> (79%) are more likely to be worried about covering an emergency expense.<\/p><\/blockquote>\n

These numbers are quite ominous, because they clearly demonstrate that we are completely and utterly unprepared for any sort of a major economic downturn.<\/p>\n

And thanks to the rapidly rising cost of living, we are losing even more ground with each passing month.<\/p>\n

Another survey that was recently released found that\u00a0\u201cearnings are falling behind the cost of living\u201d<\/a>\u00a0for 72 percent of middle income families\u2026<\/p>\n

Nearly three-quarters, or 72%, of middle-income families say their earnings are falling behind the cost of living, up from 68% a year ago, according to a separate report by Primerica based on a survey of households with incomes between $30,000 and $100,000. A similar share, 74%, said they are unable to save for their future, up from 66% a year ago.<\/p><\/blockquote>\n

We haven\u2019t experienced anything like this in the United States in decades.<\/p>\n

When I walked into a Walmart store the other day, I was shocked by how high the prices are now.<\/p>\n

Isn\u2019t Walmart supposed to be the place with \u201clow prices every day\u201d?<\/p>\n

Well, the prices were certainly not \u201clow\u201d when I walked through the store.<\/p>\n

And I was stunned to learn that McDonald\u2019s is now selling one hash brown\u00a0for three dollars<\/a>.<\/p>\n

\n

McDonald\u2019s charging $3 for 1 (one) hash brown is actually insane pic.twitter.com\/qZwZrPTrTV<\/a><\/p>\n

\u2014 cabral (@comradeaux) January 18, 2023<\/a><\/p><\/blockquote>\n