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The US Cost of Living Crisis 2023-2025

02/24/2025

Cost of Living Crisis and huge gaps in income and wealth between the top 20 percent and the bottom 80 percent aggravate standards of living in America in a way not seen since the Second World War. About 45% increase in prices on cars, used cars, car repairs, housing rentals and groceries, in many household expenses, since 2019. Incomes of workers not having kept up with this kind of spiralling inflation. This is upending the social compact and leading to loss of faith in governments in the US and Europe. Change in governments in UK, France, Germany, and the US and a sense of unease among people.

Grouped Articles

Even Disney Is Worried About the High Cost of a Disney Vacation

WSJ 02/09/2025

France's economy in 2010-2014

06/23/2010

The determination in France, as in Britain, to take austerity measures, and to cut the deficit.

Grouped Articles

France Goes Against the Euro-Zone Flow

Wall Street Journal 04/18/2013

Europe to Vote on Tougher Rules for Currency

New York Times 09/27/2011

France Says It Will Miss Budget Deficit Targets

Wall Street Journal 09/12/2013

German Optimism Depends On Spanish Deficits

Wall Street Journal 09/25/2013

S.&P. Downgrade Deals Blow to French Government

New York Times 11/08/2013

Euro Zone Deficit Hits Target for First Time Since 2008

New York Times 04/23/2014

The Japanese economy and the rising yen in 2010-2012

05/27/2010

The yen reached 86 yen to the dollar by August 2010. Chinese government accumulation of Japanese bonds was amajor factor in the yen's rise in 2010. By August 2011 the yen experienced a new surge going up to 78 yen to the U.S. dollar resulting in intervention by the Bank of Japan in currency markets. Investor flight to safe havens such as the Swiss Franc and the Japanese yen with the debt crisis in the U.S. and the Eurozone. The impact on export markets. The newly elected LDP government of Shinzo took strong action to reverse this and improve export competitiveness in 2013.

Grouped Articles

Japan's Yen Rises Above War Jitters, Deflation

BusinessWeek 05/27/2010

Japan Faces Uphill Battle in Curbing Yen's Rise

Wall Street Journal 08/04/2010

Behind Japan's Allure: Stagnancy

Wall Street Journal 08/24/2010

Electric Cars Make Japan'€™s Gas Engine Industry Anxious

New York Times 11/02/2010

Japanese manufacturers: Leaving home

Economist 11/20/2010

Nissan to 'Significantly' Reduce Japan Exports

Wall Street Journal 02/01/2011

France's drive-up grocery venture.

01/14/2010

Grouped Articles

Instacart’s Bet on Online Grocery Shopping

New York Times 04/29/2015

In France, a Drive-Up Grocery Takes Off

Wall Street Journal 01/14/2010


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