Even as inflation continues to cool into the second half of 2024, many Americans say they’re still struggling to make ends meet.
Roughly one-third of U.S. workers say they’re living paycheck to paycheck and have nearly no money for savings after paying their monthly bills, according to a survey from personal finance website Bankrate.
Yeah you know why people are still living paycheck to paycheck? Because it doesn’t matter if inflation slows down; it never goes backwards.
It does go backwards but then you’ll have negative inflation. That means people buy less, prices have to go down. Negative effect is that businesses go bankrupt, people lose their job and they don’t have a paycheck to live to.