Americans struggling to afford rent and basic costs
Regular Americans are getting squeezed by high rents and weak job prospects, with elderly people and recent graduates hit hardest.
- Rents around $1,500 are pushing pensioners and disabled people onto the street since social security no longer covers basics.
- Young adults with bachelor's and master's degrees are unemployed for a year or more, and many are moving back in with parents.
- Even people earning $70-80K say they are struggling as food and gas costs keep climbing.
- Automation and weaker worker protections have cut the kind of factory and office jobs that used to support a family.
- Former Trump supporters like Megyn Kelly are now admitting his family is getting unusually rich off the presidency, though they stop short of calling it illegal.
Outlook: With the Iran conflict and a weakening economy, cost-of-living pressure on regular households is expected to keep getting worse.