Economists have pasted many labels on today’s economic landscape: recession, stagflation, or an economy that is transitioning to slower growth.
Whatever the professionals and public policymakers call the U.S. economy, the data and consumer surveys show that households are enduring a cost-of-living crisis. Everything is piling up for consumers coast to coast, from soaring food prices to rising utility bills to increasing shelter costs. Although the White House claims that the country is not facing an economic downturn, it feels like a recession for millions of households nationwide.
The American people have made it clear that they are financially struggling….