This Is How Bad It Is For The Average Person Right Now

This is how bad it is for the average person right now…

Public’s #1 Worry: Inflation
May 8 (King World News) – Gerald Celente:  Forty-one percent of Americans responding to an April Gallup poll said inflation or the high cost of living is their main economic concern. The number has risen for three years running, from 32 percent in 2022 to 35 percent in 2023.

Prior to 2022, the highest rating inflation received in the survey was 18 percent in 2008 during the Great Recession. Otherwise, the figure has been below 10 percent since Gallup began asking the question in 2005.

For the first time, the cost of owning or renting a home placed second as a chief worry, at 14 percent…

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Americans Unhappy With Their Financial Situation
A majority of Americans are unhappy with their financial circumstances. Thirty-six percent rated their personal finances as “fair” and 17 percent as “poor.” A minority—46 percent—reported their personal finances were “excellent” or “good.”

People at all income levels are less positive about their financial condition now than in 2021, including 72 percent of upper-income earners, 42 percent of middle-level earners, and 25 percent of households with low incomes.

Forty-seven percent said their financial situation is becoming worse, a whopping 17 percentage points more than in 2021.

Among the poll’s other findings:

● 46 percent of Americans ages 50 and older named inflation as the primary worry, compared to 36 percent of younger respondents;

● inflation is a greater worry for households earning from $40,000 to $100,000 than for those earning more or less;

● inflation topped the list of economic jitters for 56 percent of Republicans, 39 percent of independents, and 26 percent of Democrats. 

Lower-income earners and younger people were less likely to cite inflation as a main problem because they face more immediate concerns. A large number of younger Americans are burdened by student loans; low-income earners have continuous trouble affording food, shelter, and medical expenses, Gallup noted.

55% Of Americans Worried About Their Living Standard
Fifty-five percent of Americans are very or somewhat worried about maintaining their current living standards, they told Gallup, the third consecutive year the question has drawn that proportion of response. From 2017 through 2021, the proportion was smaller…

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TRENDPOST:
While Inflation has fallen by two-thirds from its peak in mid-2022, prices across the economic spectrum from housing, to insurance, to health care, food, and many commodities, etc. have kept rising … and a rising number of Americans see it as the chief economic threat.

The reason: so-called “reference prices.”

Inflation’s rate may have slowed sharply but prices are still rising, even if not as fast. Consumers are reaching a breaking point after seeing prices on the staples they buy rising steadily for three years.

The economy is improving statistically, but consumers are not seeing it in their grocery receipts.

TREND FORECAST:
“Out-of-pocket” inflation will supersede positive statistics as U.S. voters express their financial frustrations at the polls this November. 

As a result, odds favor Donald Trump to top Joe Biden in the presidential contest, even though Trump has put forth no clear or compelling economic plan.

But again, at this point it is a complete guessing game as to who will win the race to the White House. As Gerald Celente says, “When all else fails, they take you to war.” And if Biden is failing in the polls, the odds of America going to war will accelerate.

Nomi Prins Correctly Predicted $2,400 Gold, But Her Next Prediction Will Shock You
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We May See Terrifying Hyperinflation
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