Many Americans are pinching pennies, exhausted by high prices and stubborn inflation. The well-off are spending with abandon. 

The top 10% of earners—households making about $250,000 a year or more—are splurging on everything from vacations to designer handbags, buoyed by big gains in stocks, real estate and other assets.

Those consumers now account for 49.7% of all spending, a record in data going back to 1989, according to an analysis by Moody’s Analytics. Three decades ago, they accounted for about 36%.

All this means that economic growth is unusually reliant on rich Americans continuing to shell out. Mark Zandi, chief economist at Moody’s Analytics, estimated that spending by the top 10% alone accounted for almost one-third of gross domestic product. 

Between September 2023 and September 2024, the high earners increased their spending by 12%. Spending by working-class and middle-class households, meanwhile, dropped over the same period. 

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Households making $250,000+ now account for 49.7% of all U.S. spending.

"Three decades ago, they accounted for about 36%. All this means that economic growth is unusually reliant on rich Americans continuing to shell out."

This chart that accompanies @WSJ's story is striking: https://t.co/uT4cc3Qv05 pic.twitter.com/7gxYPjX4aG

— Marty Swant (@martyswant) February 24, 2025

Homeowners in places most exposed to climate disasters are increasingly giving up on paying their insurance premiums, leaving them exposed to financial ruin, according to sweeping new government data.

The numbers show how climate change is eroding the underpinnings of American life by making home insurance costlier and harder to hang on to, even as wildfires, hurricanes and other calamities increasingly threaten what is, for many people, their most valuable asset.

“Homeowners’ insurance is where many Americans are now feeling the financial effect of climate change directly, in their pocketbook,” said Ethan Zindler, climate counselor at the Treasury Department. “Nature doesn’t really care whether people are living in a blue state or a red state or another state, or whether you do or don’t believe in climate change.”

The rising cancellation rates are part of a broader trend captured by the Treasury Department, which analyzed information for 246 million insurance policies issued by 330 insurers nationwide from 2018 through 2022. The result is the most comprehensive look yet at the effect of climate change on the American home insurance market.

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More Americans, Risking Ruin, Drop Their Home Insurance https://t.co/kZjPynDbIU

— Heather Croshaw (@HeatherCroshaw) January 17, 2025

One in three Americans are stockpiling daily necessities like toilet paper and non-perishable food out of fear that President-elect Donald Trump’s pledge to add tariffs to imported goods will lead to higher prices, according to a new survey.

Some 34% of respondents said they are stockpiling items because they are “fearful or uncertain about the future,” according to a December report from CreditCards.com, which publishes information on credit cards and financial literacy. The organization in late November surveyed 2,000 US residents.

Overall, the majority of respondents said they would use credit cards for some or most of their purchases this holiday season, with three in 10 planning to go into or take on additional debt.

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One in three Americans are stockpiling daily necessities like toilet paper and non-perishable food out of fear that President-elect Donald Trump’s pledge to add tariffs to imported goods will lead to higher prices, according to a new survey. https://t.co/I6pBDNFuKH

— Bloomberg Economics (@economics) December 6, 2024

WSJ When Muhammad Imtiaz received an electricity bill of over $120 last summer, he panicked. The bill, for June and July, was all he earns in a month of ferrying passengers on his motorbike in the scrappy suburbs outside Pakistan’s capital Islamabad.

In his two-room home, where he lives with his wife and four children, he only has a fridge and lights. He runs two fans in the summer months when heat can exceed 110 degrees Fahrenheit.

“Should I give my rent, pay the electricity bill, or buy food for my children?” said Imtiaz, who has racked up $3,000 in debt. His family has one meal a day: watered-down lentils with flatbread. A decade ago, Pakistan, cripplingly short of power, turned to Beijing to build more than a dozen coal, solar and hydroelectric power plants as part of China’s huge infrastructure push in the country.

Now a series of policy mistakes by Islamabad means that Pakistan has enough electricity and more—but, due to the huge debt owed to China, few can afford it. The crisis is overwhelming Pakistan’s fragile economy, throwing millions of households into misery, shredding government finances and shutting down industry.

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Pakistan’s Reliance on Chinese-Built Power Plants Is Strangling Its Economy—Pakistan turned to Beijing to solve a crippling energy shortage. Now, crushed under debt and sky-high energy prices, its economy is diving.@SaeedShah https://t.co/fVY63hSYHmhttps://t.co/fVY63hSYHm

— Jonathan Cheng (@JChengWSJ) December 4, 2024

Canada’s fertility rate hit its lowest rate in recorded history for a second consecutive year in 2023. The spinoff impacts of this are already being felt – with Canada’s aging workforce joining a swelling retirement-age population and increasing economic pressure to meet this groups’ needs and entitlements.

New data from the non-profit Angus Reid Institute finds insight into the reasons behind lagging birth rates. ARI asked 1,300 Canadian adults younger than 50 if they plan to have children, and if not, why? Among this group, one-in-five are definitely (21%) going to have at least one child, while one-in-three (32%) say they may still do so. Within these two groups of potential parents, fully half say that they have delayed having kids longer than they ideally would have wanted. This rises to three-quarters (74%) among 35- to 44-year-olds. The top reasons driving delays are both societal and personal. For many, the search for the right partner has just not borne fruit (40%). For others, however, uncertainty surrounding their finances and the job market (41%) the cost of childcare (33%) and the housing affordability crisis (31%) are all drivers of the decision to wait.

Even among those who are definitely not going to have children (37% of the 1,300 adults surveyed) these worries about childcare and cost are a factor. One-quarter among this group say they decided not to have kids because the spectre of childcare costs was too daunting (25%), while one-in-five (18%) said it was too hard to foresee having proper housing to start a family.

With immigration playing a larger role year over year in sustaining the population – and criticism of immigration policy evidently growing – the historically low birth rate trend divides Canadians. They’re equally likely to feel that the birth rate is (43%) and isn’t (42%) a crisis.

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"Half of Canadians who want children have waited longer than they’d like, due largely to cost." –@angusreidorg #cdnpoli #generationalfairness https://t.co/XtH9zRh2nA pic.twitter.com/9BbZg6CFEM

— Generation Squeeze (@GenSqueeze) October 17, 2024

As US Election Day approaches, inflation is largely tamed and wage gains have lifted incomes. Yet the economy remains the most pressing issue in the presidential race for one big reason: Increasingly, for many Americans, the long-standing building blocks of middle-class life feel frustratingly unattainable.

The standard 20% down payment on a median-priced home now costs 83% of a year’s income for the typical family ready to buy a home, up from 65% on the eve of the 2016 election, according to Bloomberg calculations. Buying a new car takes almost two extra weeks of work for the median household compared to eight years ago. Child care then cost the same family about a quarter of its weekly income. Now it swallows up more than a third.

And while the cost of attending college has gone down as a share of income in recent years, a median household can expect to pay 75% of its annual income for a private college and more than third for a public in-state university. That is up significantly from when many of today’s parents went to college themselves — and, in turn, can make the price tag look unnerving.

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The Math Says It’s Getting Harder to Break Into the American Middle Class

Some major milestones are becoming frustratingly unattainable for many families – Bloomberg https://t.co/ncqA4FJ6g4?

— Jose A. Briones (@Brioneja) October 18, 2024

The Church Commissioners excluded, on ethical grounds, more than 800 companies from potential investment last year, including, they report, 38 companies that failed to engage with them over connections with Russia.

The figures are set out in their latest stewardship report, An Ethical and Responsible Approach, published last week. It is prepared annually to meet the reporting obligations of the UK Financial Reporting Council’s Stewardship Code and the Principles for Responsible Investment.

The total endowment fund was valued at £10.4 billion at the end of 2023 — up from £10.3 billion at the end of 2022 (News, 2 June 2023). The report covers the first year of the 2023-25 triennium, in which the Commissioners have committed themselves to distributing £1.2 billion in support of the Church’s mission — an increase of about 30 per cent on the previous triennium (News, 7 June).

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The Church Commissioners disinvested, on ethical grounds, from more than 800 companies last year, including, they report, 133 companies that failed to engage with them over connections with Russia https://t.co/pPbbJCy0N8

— Church Times (@ChurchTimes) October 15, 2024

Inflation in the United States is down significantly from its recent highs, falling from an annual rate of 9.1% in June 2022 to 2.5% in August 2024. But actual prices remain elevated and, absent a recession, are likely to stay that way.

On average, consumer prices in August 2024 were 22.0% above where they were in January 2020, before the COVID-19 pandemic scrambled the U.S. economy and much of the rest of American life. Today, 74% of Americans say they are very concerned about the price of food and consumer goods, while 69% say the same about housing costs, according to a recent Pew Research Center survey.

Of course, people don’t live on national averages. They live in particular places and buy particular things, and their experiences of inflation depend greatly on those particulars. The cost of apartments in Atlanta, bananas in Boston and sportswear in Seattle all factor into the national average inflation rate but can – and do – vary considerably from it….

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NEW from @pewresearch: While *inflation* has eased, consumer *prices* are still much higher than before the pandemic, especially in certain metro areas. That may be why ~7 in 10 Americans are "very concerned" about prices. https://t.co/tI4k5ZyLU7 pic.twitter.com/sgAe9ziZ6c

— John Gramlich (@johngramlich) October 7, 2024

Public pension systems in the U.S. have seen a significant increase in unfunded liabilities, particularly during the Great Recession. Between 2007 and 2010, unfunded liabilities grew by over $1.11 trillion—a 632% increase—reflecting the financial challenges faced during that period. Despite some improvements in funding ratios over the last decade, these liabilities have continued to rise, underscoring ongoing financial pressures.

As of the end of the 2023 fiscal year for each public pension system, total unfunded public pension liabilities (UAL) reached $1.59 trillion, with state pension plans carrying the majority of the debt.

The median funded ratio of public pension plans stood at 76% at the end of 2023, but stress tests suggest that another economic downturn could significantly increase unfunded liabilities, potentially raising the total to $2.71 trillion by 2025.

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At the end of the 2023 fiscal year, the nation's public pension systems had $1.59 trillion in total unfunded liabilities.https://t.co/msg89p70Mr

— Pension Integrity Project (@ReasonPensions) October 3, 2024

Every weekday in New York City, close to one million bus riders — roughly one out of every two passengers — board without paying. The skipped fares are a crucial and growing loss of revenue for the Metropolitan Transportation Authority, which is under severe financial pressure.

New York’s long-running fare evasion problem, among the worst of any major city in the world, has intensified recently; before the pandemic, only about one in five bus riders skipped the fare.

Yet public officials have done relatively little to collect the lost revenue from bus riders. Instead, they have focused almost exclusively on the subway system, where waves of police officers and private security guards have been deployed to enforce payment, even as fare evasion rates on trains are dwarfed by those on buses.

During the first three months of this year, 48 percent of bus riders did not pay, according to the latest available statistics from the transit authority, while 14 percent of subway riders evaded fares. Roughly twice the number of people ride the city’s subways as ride its buses.

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Fare Evasion Surges on N.Y.C. Buses, Where 48% of Riders Fail to Pay – The New York Times https://t.co/VLrgiS8i7o

— Bernadette Hogan (@bern_hogan) August 27, 2024

Almost two-thirds of Americans considered middle class said they are facing economic hardship and don’t anticipate a change for the rest of their lives, according to a poll commissioned by the National True Cost of Living Coalition.

By many traditional measures, the US economy is strong, with robust labor, housing and stock markets, as well as solid gross domestic product growth. But the data don’t capture the financial insecurity of millions of households who worry about their future and are unable to save, according to the group, created this year to come up with cost-of-living tools that help gauge economic well-being.

In the large poll of 2,500 adults, 65% of people who earn more than 200% of the federal poverty level — that’s at least $60,000 for a family of four, often considered middle class — said they are struggling financially.

Almost two-thirds of Americans considered middle class said they are facing economic hardship, according to a poll. In the survey, 65% of people who earn at least $60,000 for a family of four said they are struggling financially https://t.co/hwHmjJCI6y

— Lisa Abramowicz (@lisaabramowicz1) June 4, 2024

As birth rates plunge, many politicians want to pour money into policies that might lead women to have more babies. Donald Trump has vowed to dish out bonuses if he returns to the White House. In France, where the state already spends 3.5-4% of gdp on family policies each year, Emmanuel Macron wants to “demographically rearm” his country. South Korea is contemplating handouts worth a staggering $70,000 for each baby. Yet all these attempts are likely to fail, because they are built on a misapprehension.

Governments’ concern is understandable. Fertility rates are falling nearly everywhere and the rich world faces a severe shortage of babies. At prevailing birth rates, the average woman in a high-income country today will have just 1.6 children over her lifetime. Every rich country except Israel has a fertility rate beneath the replacement level of 2.1, at which a population is stable without immigration. The decline over the past decade has been faster than demographers expected.

Doomsayers such as Elon Musk warn that these shifts threaten civilisation itself. That is ridiculous, but they will bring profound social and economic changes. A fertility rate of 1.6 means that, without immigration, each generation will be a quarter smaller than the one before it. In 2000 rich countries had 26 over-65-year-olds for every 100 people aged 25-64. By 2050 that is likely to have doubled. The worst-affected places will see even more dramatic change. In South Korea, where the fertility rate is 0.7, the population is projected to fall by 60% by the end of the century.

Paying women to have more babies is a costly and socially retrograde mistake. Governments should focus on adapting economies to baby busts instead https://t.co/KFHKaaY3oz pic.twitter.com/m6x2QApSdg

— The Economist (@TheEconomist) May 23, 2024

One reason U.S. inflation is still high: Increases in prices for procedures to prop open clogged arteries, provide intensive care for newborns and biopsy breasts.

Hospitals didn’t raise prices as early in the pandemic as supermarkets, retailers and restaurants. But they have been making up ground since then. Their increases have contributed to stubbornly high inflation readings from the consumer-price index, which in April increased 3.4% from a year ago.

Hospital prices specifically jumped 7.7% last month from a year ago, the highest increase in any month since October 2010, the Labor Department said Wednesday.

Among the procedures with hefty recent price increases are angioplasties placing stents in arteries to improve blood flow, which grew $670, or 4.5%, to $15,640 in the first three months of the year from the same period a year ago, according to Turquoise Health.

Read it all.

Surging Hospital Prices Are Helping Keep Inflation High https://t.co/en50uqXMV4

— Edward Marx (@marxtango) May 17, 2024

The Social Security and Medicare Trustees just released their annual reports on the financial status of the Social Security and Medicare programs. The Trustees project that both the Social Security and Medicare trust funds are within 12 years of insolvency and in need of trust fund solutions. Specifically, they project the Social Security Old Age and Survivors Insurance (OASI) trust fund will run out of reserves in 2033, the Medicare Hospital Insurance (HI) trust fund will become insolvent by 2036, and the Social Security Disability Insurance (SSDI) trust fund will remain solvent over the 75-year projection window. Assuming revenue is reallocated in the years between OASI and SSDI insolvency, the theoretically combined Social Security trust funds will be insolvent by 2035.

In other words, Social Security’s retirement trust fund will reach insolvency when today’s 58-year-olds reach the normal retirement age and today’s youngest retirees turn 71. At that point, all beneficiaries will face a 21 percent across-the-board benefit cut. On theoretically combined basis, all beneficiaries will face a 17 percent cut in 2035. Over the full 75-year projection window, Social Security’s combined funds faces an actuarial imbalance of 3.50 percent of taxable payroll, which is the equivalent of 1.2 percent of Gross Domestic Product (GDP) or 20 percent of all future benefits.

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ANALYSIS: The latest #Medicare Trustees' projections show:

➤ The HI Trust Fund will run out of reserves in 12 years, and faces a large shortfall;
➤ Total Medicare costs will grow rapidly;
➤ Medicare's outlook has largely improved since last year, but might be far worse… pic.twitter.com/G7fyrvCILX

— CRFB.org (@BudgetHawks) May 7, 2024

UK households are being driven further into debt by the rising cost of living, a new, decade-long study has shown. An estimated one million people on low incomes are now in arrears after paying for the basic essentials.

The findings are set out in the report Pushed Under, Pushed Out, published by Christians Against Poverty (CAP) on Tuesday. It is based on research carried out by the Centre for Research in Social Policy at Loughborough University, which analysed information on household finances from the Office for National Statistics — more than 35,000 individuals in more than 17,000 households. People were interviewed every two years from 2010 to 2020.

The study tracks levels of debt in this period, analysing how the use of credit to pay for essentials had tipped people below the Minimum Income Standard. This is the widely used benchmark of an acceptable living standard, updated each year.

Read it all (registration or subscription).

UK households are being driven further into debt by the rising cost of living, a new, decade-long study has shown. An estimated one million people on low incomes are now in arrears after paying for the basic essentials https://t.co/2edfs9iPSW

— Church Times (@ChurchTimes) March 12, 2024

Feelings of financial insecurity among Americans have reached their highest point in at least a decade.

A third of American adults in Northwestern Mutual’s 2024 Planning & Progress survey said they don’t feel financially secure. That’s up from 27% in 2023 and the highest measure going back to 2012.

“Despite the growing economy, Americans have had to endure one financial disruption after another over the last several years, and it’s hard to feel positive when you don’t know what’s around the corner,” said Christian Mitchell, the company’s chief customer officer, in a press release.

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Feeling financially insecure is becoming way too common an emotion/a reality. After so many fin'l twists and turns since Covid, stability doesn't sound boring, it sounds like a luxury.https://t.co/52Hk65ETV1

— Suzanne Woolley (@WealthWatch) March 11, 2024

Medicaid payments are “the lifeblood of our health centers and their ability to serve,” said Dr. Kyu Rhee, the president and chief executive of the National Association of Community Health Centers, which treat roughly one in 11 people in the United States and rely on Medicaid and federal grants to provide a financial cushion for the uncompensated care they give uninsured patients.

Since last spring, Medicaid enrollment has dropped by almost ten million, including around four million children, according to researchers at Georgetown University. States have removed people for a variety of reasons, including for changes in income and age. Some people have been dropped because they did not return paperwork. Others have lost coverage because of technical errors, including computer glitches.

The loss of reimbursements for millions of patients has contributed to an already difficult financial picture for facilities that treat the poor: Unless Congress reaches a funding agreement, nearly $6 billion for federally financed health clinics, which serve over 30 million people, most of them low-income, could lapse in early March.

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“Jessica Tucker, a single mother, broke into tears after receiving a $90 bill for her 3-year-old son Raylan’s primary care visit and tetanus vaccine at Bethesda, pleading with her mother by phone for help paying it.” https://t.co/M3r48C3Voy

— Leah Libresco Sargeant (@LeahLibresco) February 26, 2024

he share of Americans who own stocks has never been so high.

About 58% of U.S. households owned stocks in 2022, according to the Federal Reserve’s survey of consumer finances released this fall. That is up from 53% in 2019 and marks the highest household stock-ownership rate recorded in the triennial survey. The cohort includes families holding individual shares directly and those owning stocks indirectly through funds, retirement accounts or other managed accounts.

The data provide the most comprehensive snapshot yet of how the Covid-era explosion in investing has reshaped Americans’ personal finances. Stuck at home during the pandemic with extra cash, millions jumped into the stock market for the first time. The elimination of commission fees on stock trading across U.S. brokerages made investing cheaper than ever.

“It created a whole generation of investors,” said Anthony Denier, chief executive of mobile brokerage Webull U.S.

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The percentage of Americans who own stocks has never been higher. The pandemic and zero-commission trading created a whole generation of investors https://t.co/dbbcwsD9zg

— WSJ Markets (@WSJmarkets) December 18, 2023

Homeownership has become a pipe dream for more Americans, even those who could afford to buy just a few years ago.

Many would-be buyers were already feeling stretched thin by home prices that shot quickly higher in the pandemic, but at least mortgage rates were low. Now that they are high, many people are just giving up.

It is now less affordable than any time in recent history to buy a home, and the math isn’t changing any time soon. Home prices aren’t expected to go back to prepandemic levels. The Federal Reserve, which started raising rates aggressively early last year to curb inflation, hasn’t shown much interest in cutting them. Mortgage rates slipped to about 7% last week, the lowest in several months, but they are still more than double what they were two years ago.

Typically, high mortgage rates slow down home sales, and home prices should soften as a result. Not this time. Home sales are certainly falling, but prices are still rising—there just aren’t enough homes to go around. The national median existing-home price rose to about $392,000 in October, the highest ever for that month in data that goes back to 1999.

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"It is now less affordable than any time in recent history to buy a home, and the math isn’t changing any time soon."@ginaheeb: https://t.co/8LZYrIAleG pic.twitter.com/LPIdKWGDAU

— Eric Wallerstein (@ericwallerstein) December 12, 2023

After years of inflation, US consumers are shouldering a burden unlike anything seen in decades — even as the pace of price increases has slowed.

It now requires $119.27 to buy the same goods and services a family could afford with $100 before the pandemic. Since early 2020, prices have risen about as much as they had in the full 10 years preceding the health emergency.

It’s hard to find an area of a household budget that’s been spared: Groceries are up 25% since January 2020. Same with electricity. Used-car prices have climbed 35%, auto insurance 33% and rents roughly 20%.

Those figures help explain why Americans continue to register strong dissatisfaction with the economy: Consumers’ daily routines have largely returned to their pre-pandemic normal, but the cost of living has not.

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From the Bloomberg article, “Just How Bad Is the US Cost-of-Living Squeeze? We Did the Math.”#economy #inflation #inequality #econtwitter @economics @markets pic.twitter.com/CXO2P0Wbez

— Mohamed A. El-Erian (@elerianm) November 27, 2023

Millions are looking ahead to this winter with ‘fear and anxiety’ about the cost of heating their homes, the Archbishop of York said today as he backed the launch of a campaign to provide a network of warm spaces for people who struggle to pay their energy bills.

Archbishop Stephen Cottrell is encouraging churches to consider getting involved – if they are not already – in the Warm Welcome campaign, a network of venues from community centres to churches providing warm spaces over the winter for people struggling to heat their homes.

In a video message to support the launch, Archbishop Stephen said: “Sadly, what began as a cost-of-living crisis has simply become the new normal for many.

“Millions of people will look ahead to this winter with fear and anxiety, wondering how they are going to cope with high living costs.

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Prospect of winter energy bills causing anxiety and fear for millions, Archbishop of York warns, as he backs the Warm Welcome campaign https://t.co/2dzYUr2Wrm via @churchofengland

— John Thomson (@john59thomson) October 30, 2023

More people are making hardship withdrawals from their 401(k) accounts, raiding retirement funds to cover emergency medical expenses or to avoid losing a home.

Hardship withdrawals from Fidelity Investments 401(k) accounts have tripled in five years, according to a report from the investment firm. The share of plan participants withdrawing money rose from 2.1% in 2018 to 6.9% in 2023.

“It’s a big problem, and it’s a growing problem,” said Kirsten Hunter Peterson, vice president of thought leadership at Fidelity.

Vanguard reports that hardship withdrawals have doubled in a four-year span, from a monthly rate of 2.1 transactions per 1,000 participants in 2018 to 4.3 in 2022.

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Hardship withdrawals from 401(k) accounts have tripled in five years, according to Fidelity Investments. The share of plan participants withdrawing funds rose from 2.1% in 2018 to 6.9% in 2023. https://t.co/ktQZtj4Fus

— Stephen Miller, CEBS (@smiller_cebs) October 26, 2023

Paying for health care is increasingly straining US adults as escalating medical costs converge with rising prices throughout the economy.

More than half of working-age Americans said they had difficulty paying for health care in 2023, according to a Commonwealth Fund survey published Thursday. Among people without insurance, more than three-quarters reported trouble affording care. But 43% of people with employer health plans said they had difficulty paying, and the rate was even higher among people on public health plans like Medicare and Medicaid.

The results highlight a fundamental problem in the $4.3 trillion US health system: Despite spending more on medical care than any other wealthy country, the US fails to make it broadly accessible to much of the population. The rising financial burden squeezes families and leads people to delay care, which can hurt their health over the longer term, researchers said.

“As a primary care provider I’ve seen the impact of this grow over the past several years,” said Joseph Betancourt, president of the Commonwealth Fund, a health research nonprofit. “These affordability challenges are real, they’re getting worse and they’re a clear and present danger.

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More than half of working-age Americans said they had difficulty paying for health care in 2023, according to a Commonwealth Fund survey https://t.co/AJeM5fubBQ

— Bloomberg (@business) October 26, 2023

As another legislative session draws to a close in Sacramento, the problem lawmakers failed to fix is one of the most urgent facing Californians: the slow-moving collapse of the property insurance market as costs from climate disasters mount.

It “is not even a yellow flag issue. This is a waving red flag issue,” Gov. Gavin Newsom said Tuesday night when asked about the failure of the Legislature to act.

This year, multiple companies, including the state’s largest home insurer, State Farm, have announced they are no longer taking on new residential and commercial properties, citing wildfire risk. In fact, seven of the 12 insurance groups operating in California — together, responsible for about 85% of the market — have pulled back.

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Inflation, interest rates, and GDP growth might be valuable historical economic statistics, but they don’t capture the voice of the American consumer in real time. This was the motivation for the Suffolk University Sawyer Business School/USA TODAY national survey of adults on kitchen table issues.

We opened the survey by asking respondents to summarize in a word the state of the economy today. A total of 22% used words like “excellent,” “good,” “growing,” “improving,” “getting better,” “fair,” “average,” and “fine.” That’s more than 1 in 5 feeling pretty good about the economy.

However, nearly 3 in 4 (72%) used words like “horrible,” “terrible,” awful,” “bad,” “poor,” “weak,” “sad,” “dismal,” “crashing,” “struggling,” “disastrous,” “shambles,” “chaotic,” “messy,” “confusing,” “unequal,” “expensive,” “inflation,” “unstable,” “volatile,” “unpredictable,” “anxiety,” “worried,” and “scary.” Those are their words, not ours, and they come from a wide range of demographics, including people at all income levels.

Read it all.

From food costs to holiday spending: Americans say they're being pummeled by the economy in dire new poll https://t.co/kEAhkK2YCy via @Yahoo

— Marlene T. Diaz (@academicknight) September 15, 2023

Car insurance is a growing burden for Kalisa Hobbs.

Hobbs, who lives near the northern shore of Louisiana’s Lake Pontchartrain, said the cost of her auto coverage jumped almost 30 percent this year when State Farm added hundreds of dollars to her annual premium, raising it to $1,806. “I’m not going to go hungry or homeless, but like everybody else I live on a budget, and when that budget gets interrupted, it’s difficult,” said Hobbs, 56, who works as a communications manager at a paper mill. “It’s just on my credit card, and I’ll pay it off when I can.”

Hobbs has been swept up in a larger trend affecting hundreds of thousands of American drivers: soaring car insurance rates, with some states seeing increases above 50 percent in the past year.

Premiums have kept climbing even as other types of inflation have cooled. According to the Bureau of Labor Statistics, car insurance for U.S. drivers in July was 16 percent more expensive than in July 2022, and 70 percent more expensive than in 2013.

Read it all.

The value of claims submitted has risen because repairs and replacements have become more expensive, companies say.

And natural disasters make things worse. https://t.co/8QJ6slriE6

— The Washington Post (@washingtonpost) September 6, 2023

Two years of high inflation has many Americans shopping in places they wouldn’t normally, scouring for coupons and discounts and learning to do without.

The hit to the average budget is huge: The typical household spent $202 more in July than they did a year ago to buy the same goods and services, tweeted Moody’s Analytics chief economist Mark Zandi. “And they spent $709 more (in July) than they did two years ago.”

People, especially those with annual earnings less than $100,000, are trying multiple strategies to stretch their dollars, according to the Dallas Fed – from delaying major purchases and medical treatment to decreasing the use of utilities and tapping charities.

Read it all.

Two years of high inflation have ravaged most American households. Here's what resilient Americans have to do to get by, https://t.co/15QLDLp0Rd

— USA TODAY (@USATODAY) September 6, 2023

We all receive scam messages — and I cannot be alone in noticing that they are becoming more frequent. Last month, several UK banks gave warnings about a sharp increase in online fraud.

It disturbs me that anyone will go to such lengths to steal my money; but what has chilled me to the core is learning that the person on the other end of a scam call or message could be a victim of human trafficking — forced into involvement in fraud by the threats of beatings and electrocution.

My colleagues at International Justice Mission (IJM) in Cambodia were some of the first people to respond to this sinister new form of modern slavery, forced scamming. Human traffickers are luring people with false job offers online, paying their transport costs, and then trapping them in heavily guarded compounds in places such as Cambodia, Myanmar, and Laos.

Under the threat of extreme violence, the victims must scam people all around the world. Survivors whom we have helped have shown us bruises the size of watermelons caused by being beaten, and burns from electrocution — the result of not hitting their scamming targets.

Disturbingly, forced scamming is one of the most complex and fast-growing forms of modern slavery in the world.

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"It disturbs me that people go to such lengths to steal my money, " @IJMUK CEO @DavidWestlake, writes in the @ChurchTimes, "but what has chilled me to the core is learning that the person on the other end of a #scam could be a victim of #humantrafficking."https://t.co/bq0hY5SsDj

— International Justice Mission (IJM UK) (@IJMUK) June 30, 2023

The Prince of Wales has described how his mother’s influence helped shape his attitudes to homelessness as he revealed three UK locations where he hopes to eradicate the issue.

William visited three contrasting areas – Newport, South Wales, three neighbouring Dorset towns and the south London Borough of Lambeth – where his ambitious initiative Homewards aims to bring together business, charities and local authorities to tackle the problem.

During his tour of the UK, he warned: “It’s the young I’m particularly worried about, the sofa surfing and the hidden homeless, there’s a lot we don’t see and we have to try and get those who are lost.”

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https://t.co/r9wT97jMkY William cites mother’s influence as he unveils drive to eradicate homelessness https://t.co/dNRhzxDUDB

— UK Search (@UKSearch1) June 27, 2023

Janis Scaramucci’s bedroom is decorated with paintings of Disney castles. In her office, a recessed ceiling in the shape of a Mickey Mouse head is painted in black glitter. The feet of her dining room table are made from coffee mugs featuring Mickey and Winnie the Pooh. And in her closet hangs a series of colorful Disney outfits, including a red skirt appliquéd with characters from the movie “Ratatouille.”

Welcome to Golden Oak, the only residential community in the world located on Walt Disney Co. resort property.

Ms. Scaramucci, a divorced 63-year-old Disney enthusiast and art collector, bought a $2.52 million home in the Orlando, Fla., community a few years ago after feeling dissatisfied with life in her suburban neighborhood in Edmond, Okla. Now, she spends her days riding roller coasters, attending nature conservation programs at Disney’s Animal Kingdom theme park, and traveling to destinations such as Antarctica on Disney cruises…..

But Mr. [Kevin] Tupy said that, in his experience, politics doesn’t come up much when Golden Oak residents get together.

“Disney is more of a religion,” he said. “We worship the mouse.”

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Andy Vermaut shares:See Inside the World's Only Residential Community on Disney Resort Property: Over the past decade, this Orlando, Fla. neighborhood has become a mecca for Disney lovers, with home prices ranging from the low millions to $19… Thank you! https://t.co/Gdegzo10Eu pic.twitter.com/Y9spBQOyFs

— Andy Vermaut (@AndyVermaut) May 23, 2023