Inflation caused by expanding federal debt adding in interest roughly every fiscal quarter is impacting millions of people. The net result is ever-diminishing buying power. The price of essentials, such as food, shelter, medicine, and transportation continue to rise. Proclamations over inflation coming down from 9% to 4% just refers to the of rising prices - but they maintain their upward trajectory, nevertheless.
A person working a 72-hour workweek at $8.75 per hour earns gross revenues of before taxes. When the prices of essentials like gasoline, eggs, milk, sugar, bacon, and more increase by 50% or more, lower wage earners are hit the hardest. Passive income from avenues like real estate or dividends can be crucial for financial stability.
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