Posted 3/28/2024, 6:24:51 PM
Economy Squeezes Families as Prices Climb and Safety Nets Fray
- Perfect storm of financial hardship due to high inflation, cooling labor market, and rising costs of living
- Contrast between White House's rosy view of economy and Americans' struggles
- Increased use of pawn shops and 401k hardship withdrawals show families in distress
- Dollar devaluation from government overspending causes declining purchasing power
- Precious metals can provide inflation-resistant store of value to weather economic storm