According to a recent Deloitte survey, a record numberof Americans (11.5%) aren’t buying any presents this holiday season.
And it’s no wonder: if you can even find certain goods, it’s challenging to afford them.
The inflation rates have caused the value of the dollar to plummet. So your $1 is now worth ~ $0.94… and dipping by the day.
As Senator Tim Scott said at our recent event:
The amount of money that we have pumped into this economy this year has made struggling families like the one I grew up in struggle even more.
I think about the devastation and the damage we are doing to the future of those kids. I think about the fact that we are playing with real people’s money, asking them to swallow more inflation, have less money to spend, and take care of their families. It’s the wrong direction.
He’s right. Things need to change and improve. But it will take all of us speaking up and sharing our story for others in Washington to “get” it.
