I keep hearing from Trump's administration that "everything is historic" but this year, food, rent, and gas has all gone up. My roommate (mom) is depressed and losing hope. To be short, we both share an apartment. I've been losing hope. I cannot find and stable jobs, nor can she, and the cost of living could literally put us out of this place. We've been praying to God to protect Trump so he could make america great and affordable again. Does anyone here have any solutions on how to survive in this damn economy?
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the frustrating part is "historic, better than ever before" but I'm just not seeing it
I agree.
There is nothing for mainstreet. He keeps saying "Wages are up".
Yet people are struggling big time!
My wages are double what they were 10 years ago but the buying power is less now than then. I was better off financially when I made half as much. This whole system needs to go. Hell I've even quite paying credit cards off cuz fuk them and the credit score system and the usury of it all.
And taxes
hell yes. I'm self employed and get destroyed in taxes every year.
My wages/income are way less than 10 years ago but I struggled through back then to get debt free and now I need a lot less to live on. Sacrifices are needed to get to that point (and maybe a little luck too) but you'll be happy once you get there. I see people saving for retirement while spending thousands a month just making minimum payments on their debt (not saying that is your case so don't take that personal). If they worked on paying off their debt, they wouldn't need as much to retire on.
Nowadays, I just buy things with cash - if I can't afford to do that, I figure I can find a better option or just save more money until I can afford it.
The problem with "wages are up" is nobody getting salary (which is a large part of the workforce) and a lot of hourly didn't get a sudden pay raise and won't until March/April of next year. Their pay is basically frozen as are any union contracted companies.
The only people seeing an increase are people getting new jobs after being unemployed or those job hopping for better pay.
We may see a surge after Q1 2026 when wages get reevaluated for the year if employers feel the economy is in good shape. I haven't had an annual raise keep up with inflation since Joe got into office.