The US economy is experiencing a "selective recession" where lower-income Americans are struggling due to rising costs and dwindling savings, while upper-income consumers remain unaffected. Inflation, although cooling down, has significantly impacted the purchasing power of lower and middle-income individuals. With the pandemic savings having been depleted for most Americans, recession fears are now growing as the job market weakens and interest rates remain high.
The people who got $500,000 in PPP loans for their boat dealership and never had to pay anything back
It’s such bullshit. Someone on here linked a site that you could look up who received PPP loans and who had the debt absolved. So many small businesses tyrants in my area got like almost a million.
Meanwhile I will have to start paying student loans again in a few months. Trying to get ready but I can't believe that Biden turned that switch. Total dogshit.
It's actually worse than that. His administration increased future student loan interest rates.