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

Reducing illegal #immigration is a worthy goal, its long-term economic effects are complex. But #Trump’s cruel, chaotic campaign to deport & drive out undocumented immigrants is creating #labor shortages that in turn increase #prices. It is part of the reason #food prices were rising at an annual pace of 3.1% as of September, the last data released *before* the government shutdown.

#economy #inflation #affordability #CostOfLiving #recession #trumpcession #idiocracy #kakistocracy

“But the policies they’ve chosen have created extra costs for businesses, & businesses tend to pass on costs,” Sahm added.

The cost of #Trump’s policies is likely to increase in the coming months.

His most inflationary policy is his campaign to build a wall of #tariffs around the US #economy. Tariffs are #taxes on imports, & they are *initially* paid by the businesses that bring goods into the #US.

#FactCheck #TrumpLies #inflation #affordability #CostOfLiving #recession #trumpcession

Reuters Exclusive: #Trump approval falls to lowest of his term over prices & #EpsteinFiles, Reuters/Ipsos poll finds

Trump's approval rating fell to 38%, the lowest since his return to power, with Americans unhappy about his handling of the #CostOfLiving & the investigation into #Epstein.

#affordability #economy #law #criminal #rape #ChildSexCrimes #felon47 #RapistInChief
reuters.com/world/us/trump-app…

#GiftArticle

They bought #HealthInsurance promoted by #Trump. Then they needed surgery.

The cheap #health #insurance promoted by Trump officials has a catch.

Some states have banned “short-term” insurance plans with limited coverage, & consumer advocates have warned of the drawbacks.

#law #scammers #affordability #healthcare #HealthcareCrisis #CostOfLiving #economy #HealthyIfYoureWealthy #Aporophobia #SocialCleansing #EconomicDiscrimination #plutocracy #policy #USpol
wapo.st/4oRpNtt

One fact-check site indicates without detailed accounts, it's hard to calculate what #taxpayers paid for #JD_Vance's vacations. However, here's one account: "he’s racked up more vacation days than most Americans could dream of in a decade. ...
"His latest trip? A summer holiday in the Cotswolds...
"But this isn’t an isolated incident. This is vacation No.8 this year. "

The Hill thehill.com/opinion/lindseys-l…
#USPolitics #Affordability #SNAP