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As a primer:
- Inflation is rising. The U.S. economy is currently experiencing “the worst 12 months of inflation in almost three decades.”
- Real wages are declining. Americans are experiencing a “de facto pay cut.” “Almost everything costs more, even as [Americans] have less money to pay for it.”
- Unemployment is increasing. Americans have experienced “seven consecutive monthly declines in employment.”
- Cost of food is rising. Food prices are quickly increasing and even school lunches across the country will be more expensive in the coming year.
- Optimism about economy is declining. “Optimism in the U.S. economy among CEOs of the nation’s fastest-growing private companies” is at a 16-year low. Americans are similarly pessimistic.
- Foreclosures are still increasing. Home foreclosures were up 55 percent over last year in July and “17 [percent] of all homes for sale in the U.S. are repossessed properties.” (Link)


