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.

  • KurtVonnegut [comrade/them]
    ·
    5 months ago

    Wait, you didn't get thousands of dollars worth of PPP loans which were converted into grants? What are you, some kind of peasant?