When will the economy get better?
More of middle and lower class America continued to struggle due to the high impact of inflation brought on by Joe Biden’s Presidency. Now, it appears the month of November hit a new record high making it the 13th consecutive month of inflation hitting a new record!
Sadly, things don’t appear to be slowing down either. According to Fox Business, the New York Federal Reserve’s Survey of Consumer Expectations found that the inflation rate will be up 6% in another year which is the highest prediction they have ever made to date. And when predicting where inflation will go in the next three years, they believe inflation will be up another 4%.
The survey further noted, “Median inflation uncertainty — or the uncertainty expressed regarding future inflation outcomes — increased at both the short- and medium-term horizons, with both reaching new series highs.“
Now things such as food, medical care and college tuition are all expected to rise as well.