US economy on upswing

This is a US news story, published by Guardian, that relates primarily to Karena Youtz news.

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inflation

Guardian

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‘No social life, no plans, no savings’: Americans aren’t reaping benefits of booming US economy

Summary

Nutrition label

75% Informative

Survey of Americans tells how they feel about the US economy in 2024 .

Some expressed general optimism about stabilizing levels of inflation.

But scores said inflation continued to be financially crippling, with incomes not even remotely keeping up with soaring costs for housing, food, childcare, insurance, healthcare, fuel, subscriptions and entertainment.

College-educated people with established professional careers expressed high levels of hopelessness.

They said they were worried about financial insecurity, had recently been priced out of their communities or had been unable to save for retirement.

The US economy’ is not a meaningful or useful concept for most Americans ,” said Karena Youtz , 54 , a bookkeeper from Idaho .

“The economy is doing fine and dandy. It’s the citizens of this country that are suffering”.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity