Meanwhile, a considerable number of Americans have already drained their savings accounts, especially as a result of inflation.
It’s unclear how long this trend will last.
Widespread economic stability doesn’t look poised to make a comeback anytime soon. However, with most of the country strapped for cash, it remains to be seen how long people will be able to loan money to friends and family in need.
No word from the White House
As usual, the Biden administration is missing in action as the fire is raging. During the White House Correspondents Dinner, however, the president had a good laugh over financial instability.
When television host Trevor Noah joked that rent, gas prices, and other expenses are “looking up,” under Biden, the latter made it very clear he found this funny.
Meanwhile, the average American who is scraping to get by each month is not laughing. For people who are actually feeling the sting of financial instability, the situations they’re faced with day in and day out are far from humorous.
