- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
This is the best summary I could come up with:
She has switched stores, cut out brand-name items like Dove soap and Stroehmann bread, and all but said goodbye to her favourite Chick-fil-A sandwich.Still, Ms Ellis has sometimes turned to risky payday loans (short-term borrowing with high interest rates) as she grapples with grocery prices that have surged 25% since Mr Biden entered office in January 2021.
"The leap in grocery prices has outpaced the historic 20% rise in living costs that followed the pandemic, squeezing households around the country and fuelling widespread economic and political discontent.
“Joe Biden, where are you?”For the president, already contending with serious doubts about his age and fitness for another term, the cost-of-living issue presents a major challenge, threatening to dampen turnout among supporters in an election that could be decided, like the last two, by several tens of thousands of votes in a handful key states.
They can’t.”The Trump campaign in turn denies that policies he proposes - including a 10% tariff on all goods coming into the US - would worsen price rises, as many analysts predict.
“We believe that a second Trump term would have a negative impact on the US’s economic standing in the world, and a destabilizing effect on the US’s domestic economy,” wrote 16 Nobel prize-winning economists in an open letter last month.
It was 1.4%.Katie Walsh, a makeup artist in Pennsylvania, voted for Trump in 2020 and says she plans to do so again, based on his economic record.The 39-year-old says her family has struggled to keep up with inflation, especially since her business has slowed, as people squeezed by higher prices cut back.
The original article contains 1,136 words, the summary contains 267 words. Saved 76%. I’m a bot and I’m open source!