Americans are trapped in a cost-of-living crisis where basic survival has replaced aspiration. Half struggle to pay bills, and nearly 40% have been displaced by rising costs. Two-thirds of young Americans no longer believe they can afford a stable home.

This is a permanent recalibration with record credit card debt of over $1.2 trillion needed to fuel spending. The economy demands more and more while offering less and less.

https://thehill.com/opinion/finance/5759860-cost-of-living-crisis-deepens

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