American precarity
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American precarity

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Americans are wealthier than ever before by some measures, but there’s evidence that we’re all walking close to the edge, thanks to the post-COVID-19 Biden-Era inflation.

While off its record highs, the stock market is still far higher than in the recent past. In late March, the S&P 500 was 20% higher than its late 2021 (preinflation) highs and triple the level of a decade ago.

Incomes are also high: Inflation-adjusted personal income rebounded in 2023 to its 2019 highs, which were 20% higher than in 2012.

Trending: CIA Whistleblower Zeroes In on Trump’s Signal Controversy – Someone Is in Serious Trouble

But underneath all of this wealth is precarity. Americans have more credit card debt and are tapping into their emergency savings more than in recent years.

Bankrate, a financial website, asked Americans, “Have you needed to use your emergency

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