30 October 2023
President Biden hailed the latest job numbers as a success of his economic policies, but many working-class Americans remain skeptical. Distrust in the government’s economic figures is rising as the USDA reports a surge in food insecurity to the highest since 2014, affecting nearly 13% of households. The situation may be worsening in 2023, with persistent inflation hitting low and middle-income families hard, leading to depleted savings and increased credit card debt. Wall Street banks are also signaling a downturn as consumer financial strain is reflected in record-high subprime auto loan delinquencies.