Nearly 1 in 20 households, or about 14 million Americans, were so behind on #utility #debt that it was reported to collections agencies or in arrears as of June, according to an analysis by the Century Foundation & Protect Borrowers, a nonprofit that advocates for consumers. Meanwhile, the average overdue balance of $789 has risen 32% since 2022.

#economy #affordability #CostOfLiving #electricity #Trump #inflation #recession #trumpcession

“People are feeling a squeeze across the board, but what’s even more alarming is that we’re seeing people struggling to pay for these very, very basic necessities,” said Julie Margetta Morgan, president of the Century Foundation, a liberal think tank. “ #Electricity is not a luxury; it isn’t optional.”

#economy #affordability #CostOfLiving #Trump #inflation #recession #trumpcession

#Utility #prices have risen roughly 3X faster than overall #inflation this year, at a precarious time for the #economy. Businesses are announcing #MassLayoffs, & it’s taking #unemployed Americans much longer to find new #work. There are also signs that lower- & middle-class families are pulling back on spending.

#affordability #CostOfLiving #Trump #recession #trumpcession

“But the policies they’ve chosen have created extra costs for businesses, & businesses tend to pass on costs,” Sahm added.

The cost of #Trump’s policies is likely to increase in the coming months.

His most inflationary policy is his campaign to build a wall of #tariffs around the US #economy. Tariffs are #taxes on imports, & they are *initially* paid by the businesses that bring goods into the #US.

#FactCheck #TrumpLies #inflation #affordability #CostOfLiving #recession #trumpcession

Trump’s support among voters is fading fast, but Congressional Republicans refuse to acknowledge their peril, as they succumb to nearly all of his demands.

⚡️”The gap between voters saying their vote is anti-Trump and those saying it’s pro-Trump is larger than ever.

It’s also the largest such gap since 2006.”
-A Blake
#DementiaDon #Fascism #TrumpShutdown #Shutdown #Trumpcession #Economy #NoKings #Sadism #Protest #USPol
https://www.cnn.com/2025/11/08/politics/anti-trump-vote-virigina-new-jersey

Trump’s support among voters is fading fast, but Congressional Republicans refuse to acknowledge their peril, as they succumb to nearly all of his demands.

⚡️”The gap between voters saying their vote is anti-Trump and those saying it’s pro-Trump is larger than ever.

It’s also the largest such gap since 2006.”
-A Blake
#DementiaDon #Fascism #TrumpShutdown #Shutdown #Trumpcession #Economy #NoKings #Sadism #Protest #USPol
https://www.cnn.com/2025/11/08/politics/anti-trump-vote-virigina-new-jersey

#Layoffs accelerated in October, pushing 2025 job cuts to levels typically seen in a #recession, acc/to newly released data from Challenger, Gray & Christmas, a private firm that tracks workplace reductions.
#US employers have announced 1.1 million layoffs so far this year — the largest reading since the pandemic recession & on par with 2008 & 2009 job cuts during the Great Recession, the firm’s figures show.

#economy #Trump #tariffs #inflation #trumpcession
https://www.washingtonpost.com/business/2025/11/06/job-cuts-accelerate-october-layoffs-trump/

Recent #layoffs, the data shows, have been concentrated in technology, retail, service & warehousing jobs. Employers announced >153,000 job cuts last month, a 183% increase from the month before, marking the worst October for layoffs since 2003, the Challenger report said.

The government #shutdown, now in its 2nd month, has left policymakers, investors & economists [conveniently] without official #data at a critical moment.

#economy #Trump #tariffs #inflation #recession #trumpcession

“We’re entering new territory with these #layoffs in October,” said John Challenger, CEO of the consulting firm that tracks job losses. “We haven’t seen mega-layoffs of the size that are being discussed now — 48,000 from UPS, potentially 30,000 from Amazon — since 2020 & before that, since the #recession of 2009. When you see companies making cuts of this size, it does signal a real shift in direction.”

#economy #Trump #tariffs #inflation #labor #trumpcession

The data includes a recent spate of #layoffs at major companies such as UPS, Amazon & Target, & adds to growing concern about a labor market slowdown.
Employers cited #CostCutting & #ArtificialIntelligence as the top 2 reasons for job reductions in October.

#economy #Trump #tariffs #inflation #recession #trumpcession

#Layoffs accelerated in October, pushing 2025 job cuts to levels typically seen in a #recession, acc/to newly released data from Challenger, Gray & Christmas, a private firm that tracks workplace reductions.
#US employers have announced 1.1 million layoffs so far this year — the largest reading since the pandemic recession & on par with 2008 & 2009 job cuts during the Great Recession, the firm’s figures show.

#economy #Trump #tariffs #inflation #trumpcession
https://www.washingtonpost.com/business/2025/11/06/job-cuts-accelerate-october-layoffs-trump/

Eventually, they'll know that Trump, Johnson... just lied continually about the #Medicaid cuts...” They’ll watch as red states build more versions of FL’s #AlligatorAlcatraz with the $Bs in this bill for the IMM #detention system *most already disapprove of. They’ll see vets lose their food stamp benefits, %rates go⬆️bc of the $Ts the bill adds to the debt.

What kind of ppl want to close rural hospitals, vets..?
Voters will feel the #austerity, soon.
#Trumpcession#USPolhttps://newrepublic.com/article/197576/trump-republicans-pass-budget-bill-sick