(Natural News)—A recently released poll found that 39 percent of American adults worry most or all of the time that their family’s income won’t be enough to make ends meet.
The poll also found that 35 percent of Americans stated they have had to take on additional work just to survive. This marks a serious increase from December 2021, when that number stood at 28 percent.
These recent numbers are also remarkably similar to those of the Great Recession when they floated around 37 percent.
To deal with the increasing cost of living, Americans have taken extra side jobs, decreased their driving, and have depended more on using their credit cards. The survey found that 52 percent of Latinos and 45 percent of Black Americans mentioned they are mostly distracted most of or all of the time about making ends meet.
Fifty-five percent of individuals making less than $50,000 yearly also worry about having enough money to cover expenses.
“The grocery store is just outrageous right now. But it’s not just that. Everything has gone up. Clothing. My insurance,” said Angela Russell, an Ohio resident currently working as a program analyst at the Centers for Disease Control and Prevention (CDC). “The pressure is real. Everything is so much more expensive than it was four years ago. It’s astronomical what you’re paying.”
About 65 percent of Americans indicated that expenses and cost of living are the largest economic problems their families are presently confronting.
According to the research carried out by Moody’s Analytics, the average household is spending $925 more every month to purchase the same basket of goods and services as three years ago.
As a result of the present economic state of the United States, 69 percent of Americans have implied that they have adjusted spending on extras and entertainment.
About 68 percent of Americans have said they have altered their grocery purchasing habits. At least 41 percent of Americans suggested that they have decreased their driving while 37 percent pointed out that they are earning credit card debt to purchase necessities. (Related: America: What we’re witnessing are the classic final stages of a massive bubble economy right before it COLLAPSES.)
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Prices are not going down despite claims inflation is slowing
The administration of President Joe Biden claims that the rate of inflation has eased significantly since the early days of the inflation crisis.
Data from the Bureau of Labor Statistics claims that consumer prices have “only” increased by three percent year-over-year in July. This is still a significant increase although it is far from the peak year-over-year inflation of nine percent in June 2022.
Despite this, many Americans do not feel the improvement in their finances. Prices are still higher and they are still increasing, even if at a slower pace. Consumers are still struggling to catch up to the price spikes from two years ago.
“We can talk all day about how inflation is moderating but the cumulative impact of several years’ worth of inflation has done a number on household budgets,” said Greg McBride, chief financial analyst at consumer financial services firm Bankrate. “The view from 35,000 feet is unemployment is low, the economy is growing and people are spending money.”
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“The reality on the ground is moderating inflation doesn’t mean prices are coming down, just that they aren’t going up as fast,” McBride warned.
Follow FinanceRiot.com for more news about the rising cost of living in America. Watch the video below about the CNBC All-America Economic Survey saying that more Americans are optimistic about the outlook for the U.S. economy.
This video is from the TrendingNews channel on Brighteon.com.
More related stories:
- More and more retired Americans returning to work to cope with rising cost of living under Biden’s failing economy.
- U.S. household income FELL in 2022 for the third straight year due to inflation and rising cost of living.
- Poll: 63% of Americans are falling behind in costs of living.
- Survey finds three out of four Americans feel financially insecure.
- Poll: American voters blame Biden’s policies for making inflation worse as approval dips.
Sources include:
- Preserve your retirement with physical precious metals. Receive your free gold guide from Genesis Precious Metals to learn how.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
Getting the fuel prices back to 2020 prices will have the greatest effect on prices. Diesel is one of the biggest expense of farmers and truckers. Fields require several passes with a tractor and finally with a combine or some harvester. Then the grain or produce is delivered to a terminal in a truck. Everything is carried in a truck. All the products we buy are carried between manufacturers and distribution warehouses and later to stores or other delivery. Even products made in China eventually are carried in a truck burning diesel.