What's going on with the US economy and inflation?

in #economy2 years ago

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As of recent times, it seems that inflation has been at an all time high. Gas prices, food, medical expenses, housing, and everyday needs. Everything is just so much more expensive now.

It seems as the feds keep printing more and more money the value of the dollar just keeps getting lower and lower. The dollar is on its way to becoming close to worthless. It is losing spending power as time goes on. You can hardly buy anything anymore.

There has been more and more cases of homelessness in the US because of the economy and how things are in the recent times, and more and more people can't afford rent or to live in a house, or to pay for their groceries.

Since the covid lockdown, many business owners had to shut down their business. Many people lost their jobs. The thing about jobs is now they are getting harder to find. They say there are jobs everywhere but it is getting much harder to get hired now.

How do they expect us to survive when everything is so expensive? How do they expect us to live? It is just outrageous what things cost now. The economy seems to be getting worse and worse and show no signs of getting better soon. More and more people are going broke than ever, more and more people just can't afford the basic necessities to live anymore.

It is really sad, before having a minimum wage job could get you by back in the day, now you need multiple minimum wage jobs just to scrape by. One minimum wage job will definitely not be enough to survive on. Like I said before, it is getting much harder to get a job because of the economy and I think people are just holding off on hiring for the most part.

The unemployment rate is expected to go up in the coming years and so is the inflation, and I think we've just seen the start of it all. My question is how can we survive? Especially if we don't have a job...how will we live? What are some other ways we can make an income without having to rely on a 9-5 job...Who knows?

I really hope things with the economy gets better but for some reason I highly doubt it will. The economy has been doing poorly for years and it has just been a slow boil. But I guess we shall she what the future brings us.

This is why I stack silver and gold, as a hedge against inflation, and as a way of storing value and saving money for the future. Silver and gold is a great way to do so. I really hope my silver and gold investments will pay off in the near future.

I also plan to get into forex trading more and learn the trade. I want to be independent without having to rely on a 9-5 job because honestly working a 9-5 job is just draining, and now it is getting harder to find one, let alone one that will pay me enough to survive. Until I find out a way to consistently make an income, I will be stuck living with my parents. Which I don't mind and they don't mind, but I really want to become independent and be able to live on my own and survive without needing help. That will be a long road for me though.

The economy has just been getting worse and worse every year. I really hope something good happens but it doesn't seem like that will be the case. It's hard to tell what will happen in the future so I guess we will see, but I feel like it really just isn't going to get any better. In the coming year or so they expect that unemployment rates will increase, leaving more and more people without jobs. More people are becoming broke due to this inflation.

Thanks for reading my post, overall things have been rough for the past few years, and I think we are in a recession or heading towards a recession. We shall see what happens, prayers to everyone and their families in this hard time. Steem on!

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Divide the Cost of Everything by 100, and that's what it will cost on the other side of the Monetary Correction... If Eggs are 6 Fiat USD's per Dozen, they will be 6 Cents per Dozen... That is, if you happen to have any U.S. Coinage... Keep in mind that you may only be earning 25 Cents per hour, on the other side o the Reset...