ABC News’ Elizabeth Schulze discusses the state of the economy one year after the 2024 election, reporting on a disconnect between the economic data and the financial reality Americans are facing.
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About The Author
Its a new year and we have new prices to go with it! Went to Wal Mart for the first time this year and my wet cat food is up another dime a can. Its gone up over 50% since 2020. The prices go up way faster than my paycheck.
We shouldn't give up on Equality as a national value since lives are different but we create a diverse place that was founded on different peoples working together to support community within the nation
Prices being averaged out on store shelves and online sales for what income class a person is in based on and wealth of district is the only way everyone can afford things kind of mutually similarly as if some stock is represented by an old fashioned vendor who's willing to sell a product at a certain percent lower just to sell to a person who makes less because most profits were based on wealthier families being able to buy more while lower income families go without
Islam and Christianity share many values.
"Allah condemns usury, and He blesses charities. Allah does not love any disbelieving sinner.
Those who believe, and perform righteous deeds, and pray regularly, and give regular charity—they will have their reward with their Lord—they have nothing to fear, nor shall they grieve.
O you who believe! Reverence Allah, and forgo what remains of usury, if you are believers.
And if you do not, then take notice of war by Allah and His Messenger.
But if you repent, you may keep your capital, neither wronging nor being wronged."
Quran 2:276-279
Islam brings peace and mercy to society.
With Islam Zakat 2.5% of net saving, has to be paid from rich to poor.
Within 40 years money will cycle within society.
Zakat increases consumer spending, which in turn increases effective aggregate demand. To meet the increase in aggregate demand, investment increases, and thus increases the productive capacity in society by increasing production, and then distributing other new incomes to individuals in the form of wages for workers or prices for raw materials or rent, and thus the national income in society increases
Prices increase yet pay rates decrease
Lies, Rents and fuel are 50% of inflation. Rents are down 8% in all major population centers. Fuel is the lowest it has been in 18 months.
I have empathy for every family that is suffering right now, however, this is what certain people voted for.
As our "President" looks us all in the face and lies to us, like we dont pay bills and shop at supermarkets.
What I hate about inflation is once it rears its ugly head everyone jumps on board to take advantage. Everything is less or smaller than it was but charged more. Most of this is graft. No need to perpetuate it.
Most people are idiots and do not understand that NOBODY can make the prices come down, but we CAN reduce inflation, as is being done right now. Inflation is the rate as which prices change, not the prices themselves. Why did these liberals not complain when Biden created the worst inflation in history, but now will bitch as it is slowing down? If you do not understand political science, economics or government, PLEASE DO NOT VOTE.
38% of Americans have no stocks. 40% of Americans have no 401k or 403b. The wealthiest 10% of Americans own 93% of the stock market. 1/3 of Americans can't afford a $400 emergency to come into their lives. So most Americans don't care about how great the stock market is doing, it does not affect their daily life. Wages and inflation affect their lives.
food up 3% gave me a big laughter. It went up 3% in a couple weeks, it’s probably up 30% YoY. I don’t think it is directly connected to who’s leading the country in a given moment, it’s just the economic situation.
The economy has been bad for the last 5 years. They raised prices through the pandemic saying it was because of the production lines and then just never lowered the prices.
Her Processed food is poison also.
Most of those food products are processed and produced in the U S
DJT's job is to destroy the US economy. He is taking orders from the Kremlin.
Well if that doesn't work out we can always just shutdown the entire country 👍
We are easily the most miserable generation. In 2015 i made less money but had more money in my pocket to spend. This is no way to live life for anyone.
As an Uber driver ! Is a golden time for me ! 🎉 gas prices are getting closer to $2, $2.75 right now.
Looks like she has money for a ginormous tv and electricity for it and maybe cable and a cat and plants and name brand clothes for her kid and her apartment looks nicer than my house. Why not show viewers her actual budget instead of publishing only the part of the story which fits with your narrative? Working in the medical field overnight u make really good money. The problem is probably her spending/budget. Shortening showers isn't going to help you lol… gross
🥱
Yeah.. everyone please pack on supplies 🙏
$40 Billion for Argentina. How does that help your food bill?
So people complain about inflation and all they buy is junk food and go out for fast food. 🤷♂️
Prices are higher but that isn't Donald Trump's fault. It continues to be a result from Covid and the shutdowns when everything and everybody lost their collective minds. AND this is from ABC who hates Trump, so there's that. Yes, ABC had to pay $15 million to settle a defamation lawsuit with Donald Trump. The settlement was for inaccurate on-air statements made by anchor George Stephanopoulos who has made it patently clear that he hates Trump.
Republicans, Democrats, do something for the American people! Lots of Americans that contribute with their tax dollars are struggling.
Who paid the terifs we do the consumers the people of America not the foreign country it came from that just made price just went up for us
So take a ship coming to dock with goods we pay the price for that load but wait there the terifs and extra just say 2 million …all of a sudden the guy with the bout load tells our banker guy springing the check for that load add the extra 2 million to that check then he pays for the load the boat then pays trump (or whomever ) gets it then Trump tells us the terifs are working poring in by the trillions ……now the big box stores buys there product and puts it on the shelves to sell it to you at the price he paid his mark up
Trump has done nothing but get prices up the people are not stupid about terifs how he set here and say by raising terifs is Gona lower prices lowering terifs would have lowered the prices and already made America much better it takes a verry ignorant person to think the import countries are paying the terifs
Reality 101
Having more "billionaires" in America and doing business with "billionaires" is like the first step to trickle down wealth to middle America. We don't believe in just throwing money at poor people we believe in welcoming millionaires to create jobs and produce their goods in America. I hope that makes sense. The divide between rich and poor is kind of insane when in reality a lot of people wouldn't have jobs without rich people despite any attitudes you might have so it's better to smooth out the waters. You give money to poor people they actually don't know how to keep it it's better to invite more wealthy people so they can create jobs that's actually a better plan in the long term.
And DOGE cutting more than 200B$ from federal spending is a big win. That just in of itself is enough for me. That's incredible. Just unbelievable. Let that one sink in.. no you can't because it's unbelievable
What hasn't trump lied about?????
So cliche. Interviewing a single mom. Interview people with no kids or married couples.
I've always lived below my means. I shop only the grocery ads and pressure can meat to be shelf stable for years. Focus on needs not wants, I sew holes in clothing to make them last. Think of ways to stretch the dollar. Inflation has happened forever, it's not new. The age old concept of a two parent household was valid. Today it's single moms and absent dads. Hold back having children you can't afford.
I sure hope Trump knows what he's doing.
Wage earners have been losing to productivity gains and inflation since the 1980s.
Maga inflation is insane i thought the rotting hitler melon was going to fix this.
You can't erase debt. People are so stupid. The trillion dollar debt is in front of your eyes people. What happens when you go into debt? Does your paychecks get bigger? No. It's only going to get worse because we have debt.