Another 61% of the country admits they’re not always able to cover essential living costs, such as shelter and food. Numerous Americans are subsequently going to dollar stores to get food, rather than making their typical grocery store runs.
A grim future
Earlier this month, Congress quickly moved to pass the Inflation Reduction Act with only Democratic voters. Later this week, Joe Biden will solidify this bill as law with his signature.
GOP members argue because Democrats are increasing spending and taxes amid a recession, prices will rise further. Even certain lawmakers supporting the Inflation Reduction Act, such as Sen. Joe Manchin, previously conceded that a country can’t spend its way out of inflation.
CBS News also just released a report that this new legislation lacks demonstrable proof of truly bringing down inflation. Naturally, the release of this information followed after Congress already passed the legislation in the House and Senate.
If prices keep growing as anticipated, more Americans will need to employ additional methods to earn income and make ends meet.
