Since inflation exceeded the 2% threshold in the United States, household purchasing power has continued to deteriorate . Wage increases, far from being negligible, still do not make it possible to compensate for the rise in prices, in particular of raw materials. This is arguably one of the biggest loss of life for Americans, comparable to the oil shocks of the 70s and 80s.
As a result, and in the absence of a large-scale compensatory fiscal policy, household disposable income shows a sharp contraction (year-on-year), unprecedented since the 1960s. Such pressure on households, in a country where consumption constitutes more than 2/3 of the GDP, cannot remain without effect on growth.
–
Related posts:
Thionville-Lusitanos Dominate Nancy with a 4-1 Victory: Match Highlights and Goals
Pierre-Ambroise Bosse is launched in a time trial to achieve the minimums of the Tokyo Olympics
Fire at Electric Substation in Wildwood Causes Island-Wide Power Outage Ahead of Summer Weekend
"Train Traffic Halted After Collision with Pedestrian North of Meeden"
