Monday, July 3, 2023

Americans get poorer as expenses surge

for example Chewy.
Wants manicure and pedicure
but budget dictates he gets washed off
 on the dock
to save money.
(Don't worry he actually likes it
tries to bite the water.)
Americans might need to change around a few things in order to stay on top of their financial health. There is a $400 emergency savings benchmark that has been used to determine the amount and different financial opinions indicate that it isn't enough for actual expenses. Costs are rising but Americans are living paycheck to paycheck. 

We have work to do on an individual level and on a macro level.

First, its not easy living that way and I have done that for a pretty big period of my life. I have two kids as a single parent (some of the time but now all the time), keeping my car running, paying my debts, and getting the things we needed for life. 

Secondly, having workers move up the global supply chain to the highest point they could find on the creative production line is helpful. That requires education, training, opportunity and government policy that returns manufacturing back to the U.S. We are working on some of this now, but the conscious thought of it helps. 

Americans get poorer as expenses surge

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