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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
Income and Wealth Gaps US 2025- Top 10 percent support 50 percent of consumer spending in 2024
02/24/2025
Top 20 percent in the US have $1.2 trillion in excess income savings and increased Net Worth to $35 trillion from 2019 to 2025. Bottom 80 percent have about $300 billion in excess income savings and increased Net Worth to $14 trillion in that period.
Grouped Articles
The U.S. Economy Depends More Than Ever on Rich People
WSJ 02/24/2025
Coca Cola and high fructose corn syrup in drinks.
07/07/2010
The shift to non sugary healthier beverages in Coke's acquisitions, but only a gradual cautious shift on the issue of high fructose corn syrup in its products.
Grouped Articles
Health Battle Over Soda Flares in Mexico
Wall Street Journal 08/28/2013
What Is Coke CEO’s Solution for Lost Fizz? More Soda
Wall Street Journal 03/19/2015
Coca-Cola Boosted by Sales of Tea, Bottled Water
Wall Street Journal 07/23/2015
Can Honest Tea Say No to Coke, Its Biggest Investor?
New York Times 07/07/2010
Wall Street Journal 03/01/2011
Negative Equity in homes as a huge drag on the economy.
01/24/2010
2.4 million foreclosures estimated for 2009 by Moody's Economy.com on top of 2 millon in 2008.
Grouped Articles
Second-Lien Loans May Prompt New Losses for Banks
New York Times 07/16/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Underwater, but Will They Leave the Pool?
New York Times 01/24/2010
Anger Over Foreclosures Exposes Political Divisions
New York Times 10/11/2010
Wall Street Journal 10/26/2010
The Failure of Infrastructure Building under the Obama administration.
10/21/2008
Only a small portion- about one fifth according to one estimate- of the $787 Stimulus Bill was actually allocated for infrastructure building. And in some cases such as high speed rail only $8 billion was allocated, clearly insufficient to build a high speed rail system in te USA. And public perception is that infrastructure allocation has already taken place, so it has ceased to be a priority even though the nation's infrastructure needs rebuilding.
Grouped Articles
New York Times 09/06/2011
A Slowdown on the Road to Recovery
Wall Street Journal 10/14/2013
Obama's Infrastructure Plan: More Cash Could Hit the Road
BusinessWeek 09/08/2010
Infrastructure spending: False expectations
Economist 10/23/2010
Obama Successes Outweighed by Job Losses
New York Times 10/26/2010
Pitch for Rebuilding Infrastructure Carries Political Challenges
New York Times 01/24/2011
Why cost of living is destroying the social compact in the US and Europe and upending governments in 2024-2025
02/24/2025
Used car prices are up 45% since 2019 putting used cars at average price $28000. It is not a discretionary cost, one needs a car to get to work in the US. There are cases of young people not able to pay soaring repair costs quitting work without transport. This is why there was so much discontent in 2024 after supply shocks and price gouging pushed up prices in 2024. Another factor evident in airline ticket pricing was demand and the excess income of the top 20 percent. In housing and apartment rentals supply shortages pushed up prices, demand and excess income of the top 20-30 percent pushed up prices beyond the reach of the rest, higher interest rates made it unaffordable to buy a home for most Americans.
Grouped Articles
Why There Is No Relief Ahead for High Used-Car Prices
WSJ 02/15/25
The U.S. Economy Depends More Than Ever on Rich People
WSJ 02/24/25
The influence of outside groups in elections as the ad and other spending exceeds $2 billion for the 2010 midterm elections.
10/26/2010
As candidates raise increasing amounts of money their positions on legislation is increasingly influenced by outside groups. Large amounts of television ad spending also tends to distort the public's perception of important issues by offering simplistic or distorted view of the facts or resorting to labeling of opponents regardless of the facts. In some situations right policy choices may be affected.
Grouped Articles
House and Senate shatter fundraising records for midterm election and may exceed $2 billion
Washington Post 10/26/10
How the Rout Was Won: Careful Plans, Timely Wave
Wall Street Journal 11/03/10
Unaligned Voters Tilt Rightward En Masse
Wall Street Journal 11/03/10
With Democrats Ascendant, California Votes Contrarian
Wall Street Journal 11/03/10
Dissecting the 2010 Midterm Election Exit Polls
New York Times 11/06/10
Tom Donohue: Obama's Tormentor
BusinessWeek 11/03/10
Deflation threat in the U.S. in 2010.
05/27/2010
Negligible growth in incomes and the lowest increase in the consumer price index since 1962, with the eurozone crisis overhang, pose threat of deflation.
Grouped Articles
Risk of Deflation Feeds Global Fears
Wall Street Journal 10/16/14
The Recovery: Why Deflation Remains a Threat
BusinessWeek 05/27/10
Real Disposable Income: Bad News for Democrats?
BusinessWeek 06/03/10
New York Times 07/11/10
Economists React: How Big a Threat Is Deflation?
Wall Street Journal 07/16/10
Fed’s Bullard Raises Policy Concerns
Wall Street Journal 07/29/10
Fragility of social cohesion in the U.S. with unemployment concentrated in the lower middle and working classes.
03/11/2009
Figures from the Center of Labor Market Studies of Northeastern University in Boston showing unemployment of 9% in the $40,000 to $50,000 annual household income group and going up to 31% at the lowest income group. Higher inequality as differences in education between lower income and higher income Americans grows. The problem of the long term unemployed is a serious one.
Grouped Articles
Wall Street Journal 09/14/11
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/13
New York Times 06/22/13
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/11
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/13
The Great Stagnation in American Education
New York Times 09/07/13
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