Circling the drain – The Great Awakening

75% of Middle Class Americans Say Their Income Is Falling Behind Cost of Living 

  • Seventy-five percent of Americans with incomes between $30,000 and $100,000 say their income is falling behind inflation, according to a survey by Georgia-based financial services company Primerica. That’s up from 67 percent as recently as March, indicating a dramatic surge in the number of middle-class Americans feeling burdened by inflation.
  • An even larger share—77 percent—say they expect the economy to enter into a recession by the end of this year. Sixty-one percent of these middle-income Americans say they expect the economy to be worse off a year from now. Just 14 percent say they expect it to be better.


Ford Plans To Cut 8,000 Jobs To Help Fund EV Endeavors 

  • Ford is planning to cut up to 8,000 jobs over the next few weeks in order to boost profits ahead of their foray into the electric-vehicle market, according to Bloomberg, which cited people familiar with the plan.
  • The job cuts will be concentrated within Ford’s relatively Blue unit, which produces internal combustion engine vehicles, and will affect salaried operations throughout the company.


BlackRock Is Breaking the Wrong Kind of Records

  • BlackRock Inc. is used to breaking records. The world’s largest asset manager was the first firm to break through $10 trillion of assets under management. But the bigger they are the harder they fall. And this year BlackRock chalked up another record: the largest amount of money lost by a single firm over a six-month period. In the first half of this year, it lost $1.7 trillion of clients’ money.


By Radiopatriot

Retired Talk Radio Host, Retired TV reporter/anchor, Retired Aerospace Public Relations Mgr, Retired Newspaper Columnist, Political Activist * Telegram/Radiopatriot * Telegram/Andrea Shea King Gettr/radiopatriot * TRUTHsocial/Radiopatriot

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