Posted 4/12/2024, 5:17:54 PM
Surging Prices Put Squeeze on Households as Recession Looms
- Food and housing costs have risen so much that some families are skipping meals to pay their mortgages
- Grocery prices have increased over 40% since 2019, with some items up 50-80%
- Full-time jobs have declined while part-time jobs have increased over the past 8-9 months, signaling a possible recession
- Inflation threatens standards of living, but precious metals like gold can provide inflation resistance
- The Sahm Rule indicates a likely recession based on the recent declines in full-time employment