Big League Politics by Jose Nino
Because of mass inflation, Americans are having a harder time paying for basic necessities.
According to a CNBC report, 32% of adults paid a late bill in the past 6 months. CNBC cited data from LendingTree, which noted that 61% of respondents indicated that they couldn’t make the monthly payments due to not having “the money on hand to cover the cost.”
Roughly 40% of respondents said they are not as capable of paying their bill compared to 2021. The majority said they did not make a payment on cable, credit card payment, internet or a utility bill.
The consumer price index (CPI), an index that measures the average fluctuation in prices for consumer goods and services, grew by 8.3% in August, a figure that was higher than projected. This rise in CPI was largely driven by increases in food, healthcare, and shelter costs…
