Most Americans Living Paycheck-To-Paycheck After Inflation Spike: REPORT
Rising prices means that Americans are spending more on the same goods and services, and a substantial majority are living paycheck-to-paycheck or dipping into savings.
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Rising prices means that Americans are spending more on the same goods and services, and a substantial majority are living paycheck-to-paycheck or dipping into savings.
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The White House's Jared Bernstein said falling gas prices are "no victory lap" as the administration struggles to quell concerns about an impending recession.
Energy inflation hit its largest yearly increase in over 40 years, according to a report from the Bureau of Labor Statistics (BOL).
A Biden administration economic official credited President Joe Biden's policies for a recent decrease in gas prices.