source avatarKinesis Money

Share

🚨 63% of Americans are living paycheck to paycheck. Meanwhile, a key US inflation measure shows prices are 3.7% higher than a year ago. So what’s going on? 📊 Inflation measures how quickly prices are rising. 💵 Purchasing power reflects how much your money can actually buy. And here’s the key: Slower inflation doesn’t mean lower prices. Prices can still be rising on top of years of previous increases, leaving household budgets under pressure. ⚠️ Half of those living paycheck to paycheck say just one week without pay would cause major financial hardship. Inflation may be slowing. But that doesn’t mean the cost-of-living squeeze is over.

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.