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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
Worker gains in the U.S. for the decade 2000-2010.
01/01/2010
Net additions to jobs in the first decade of the 21st century is zero says Neil Irwin of the Washington Post. Numbers for the decades since the 40's shows continuous job growth before that.
Grouped Articles
U.S. economy took a dive in the 2000s, a lost decade for workers
Washington Post 01/01/2010
New York Times 01/03/2010
Aughts were a lost decade for U.S. economy, workers
Washington Post 01/02/2010
New York Times 02/11/2011
Four Common Unemployment Myths
Wall Street Journal 04/06/2012
The wildly underfunded pension system of the American state of New Jersey.
09/30/2010
Need to increase the retirement age to 65 from 62, and increase pension contributions to 8.5%, says Governor Christie of New Jersey. With the lower savings of workers in the U.S. as they approach retirement, adequately funded pension systems are critical to the safety net.
Grouped Articles
Pension Pinch Busts City Budgets
Wall Street Journal 10/30/13
Illinois Pension Fix Faces Political Test
Wall Street Journal 12/01/13
Illinois Legislature Approves Retiree Benefit Cuts in Troubled Pension System
New York Times 12/03/13
BusinessWeek 09/30/10
Public-sector pensions: Three-trillion-dollar hole
Economist 10/16/10
American states' pension funds: A gold-plated burden
Economist 10/16/10
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