Housing, transportation, food, and pretty much anything else we spend money on is much more unaffordable today than it was during the Great Depression of the 1930s.<\/p>\n\n\n\n
The cost of living in the United States today continues to rise year after year. If we compare the average salary and basic costs of 2023 with those of the Great Depression we will find that: <\/p>\n\n\n\n
1.<\/strong> Back then a house was worth just three times the average annual salary. Now that cost is eight times the average salary.<\/p>\n\n\n\n 2.<\/strong> The value of the average car was then equivalent to 46% of the average salary, while today a car corresponds to 85% of the salary.<\/p>\n\n\n\n 3.<\/strong> The rent of a house was then 16% of the average wage, now it is 42% of the average wage.<\/p>\n\n\n\n The cost of living has become incredibly oppressive for most Americans, as well as most citizens of Western societies, and no one can deny that reality. Many citizens work as hard as they can without making ends meet. The mainstream media is apparently trying to deconstruct this reality, aided by certain economists.<\/p>\n\n\n\n If honest numbers were run, it would turn out that GDP growth has been negative for almost the entire time Joe Biden has been in the White House. Therefore it would be revealed that the USA is experiencing a deep recession, which is affecting the whole world.<\/p>\n\n\n\n And if honest numbers were used, it would turn out that the US unemployment rate is around 25% right now.<\/p>\n\n\n\n And if the rate of inflation were still calculated as it was in 1980, it would still be in double-digit territory, even though it has declined a bit.<\/p>\n\n\n\n The official numbers given by the US government, like any government, are designed to partially represent the truth and mainly to support the markets and not the real economy.<\/p>\n\n\n\n But there are millions of people in the US and throughout Western societies who experience a living death when they lose their main income from work and cannot pay their bills. Millions of debtors are still not paying their bills.<\/p>\n\n\n\n California home sales fell to their lowest level in 15 years in November, according to the latest data released by the California Association of Realtors (CAR).<\/p>\n\n\n\n In the US, homelessness has increased by 12% this year, reaching 653,104 people. The numbers represent the biggest increase and largest homeless population since the federal government began keeping totals in 2007, the U.S. Department of Urban Planning and Development said Friday.<\/p>\n\n\n\n If the economy is in “good shape” why are Americans becoming homeless at the fastest rate on record?<\/p>\n\n\n\n Today, Americans age 70 and older now own more than 30% of the nation’s wealth. For now, life is good for the elite and they think the rest just have to work harder.<\/p>\n\n\n\n The “recession and depression” that has already begun is hitting those at the bottom of the economic chain hardest, but it will soon be felt by those at the top as well.<\/p>\n","protected":false},"excerpt":{"rendered":" Housing, transportation, food, and pretty much anything else we spend money on is much more unaffordable today than it was during the Great Depression…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[990,991],"tags":[5026,989,965,215,70],"class_list":["post-16706","post","type-post","status-publish","format-standard","hentry","category-columns","category-feuilleton","tag-depression","tag-poverty","tag-recession","tag-us","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/16706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16706"}],"version-history":[{"count":2,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/16706\/revisions"}],"predecessor-version":[{"id":16709,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/16706\/revisions\/16709"}],"wp:attachment":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}