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The Cost Of Living Has Become Extremely Oppressive

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This article was originally published by Michael Snyder at The Economic Collapse Blog under the title: The Cost Of Living Has Become Extremely Oppressive And 57 Percent Of Americans Cannot Afford A $1,000 Emergency Expense

I don’t have to tell you that your money doesn’t go as far as it once did.  You see it every time you go shopping.  Our leaders flooded the system with money and pursued highly inflationary policies for years, and now we are all paying the price.

The cost of living has been rising much faster than our incomes have, and this is systematically destroying the middle class.  Survey after survey has shown that a solid majority of the population is living paycheck to paycheck, and at this point, most U.S. consumers are tapped out.  In fact, one brand new survey just discovered that 57 percent of Americans cannot even afford to pay a $1,000 emergency expense

These numbers are quite ominous because they clearly demonstrate that we are completely and utterly unprepared for any sort of a major economic downturn.

And thanks to the rapidly rising cost of living, we are losing even more ground with each passing month.

Another survey that was recently released found that “earnings are falling behind the cost of living” for 72 percent of middle-income families…

We haven’t experienced anything like this in the United States in decades.

When I walked into a Walmart store the other day, I was shocked by how high the prices are now.

Isn’t Walmart supposed to be the place with “low prices every day”?

Well, the prices were certainly not “low” when I walked through the store.

And I was stunned to learn that McDonald’s is now selling one hash brown for three dollars.

Are you kidding me?

I am sure that many of you can remember a time when they were 50 cents.

Sadly, those days are not coming back.

Food prices are going to continue to go up, and the CEO of Unilever recently admitted that his company has actually “been accelerating the rate of price increases that we’ve had to put into the market”…

That doesn’t sound good at all.

And he also ominously warned that “there’s more inflationary pressure coming”

As food prices continue to rise, these big companies are going to look for ways to reduce input costs.

One way that they are going to do that is by starting to put crushed bugs in our food.

I know that this may sound really bizarre to you, but this is already happening in Europe

So you might want to start reading labels a lot more carefully from now on.

Of course, it isn’t just the cost of food that has become extremely oppressive.

Just about everything has gotten more expensive, and this has broken the remaining strength of the U.S. consumer.

If you doubt this, just consider some of the latest economic numbers that we have seen.

-U.S. retail sales fell once again last month…

-Sales of existing homes have now fallen for 11 months in a row

-More Americans than ever before are being forced to pay at least 30 percent of their incomes on rent

U.S. consumers are being stretched financially like never before, and many are turning to debt to help them maintain their current lifestyles.

As a result, the savings rate has plunged to a historic low, credit card debt has surged to a record high, and the average rate of interest on credit card balances has also risen to a record high.  As Zero Hedge has aptly noted, this is “nothing short of catastrophic”…

For a long time, we have been warned that the very foolish economic policies that our leaders were implementing would have deeply tragic consequences.

And now it is starting to happen right in front of our eyes.

Sadly, the truth is that this is just the beginning.

The entire system is cracking and crumbling all around us, and there is much more pain ahead.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to the new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”“Lost Prophecies Of The Future Of America”“The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and anyway that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.


Source: https://www.shtfplan.com/headline-news/the-cost-of-living-has-become-extremely-oppressive


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