Plus, the growing cost of childcare deeply concerns rural Americans, and a chilling scenario if China invaded Taiwan Email not displaying correctly?
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Household debt is rising fast, driven by inflation, slow wage increases, and climbing interest rates on home loans and credit cards. More people are using buy-now-pay-later buying plans even while cutting back on non-essential spending. A third of those surveyed said they are concerned that they will go deeper into debt in 2023.
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A new study by Save the Children Action Network ([link removed]) , the political arm of the Save the Children charity, finds that rural Americans are worried about how they are going to afford food and childcare this year. The majority of rural voters said they might not be able to feed their families. A quarter of them said they are “very worried.”
If all of that isn’t enough to worry about, analysts are keeping an eye on what would happen if China moves to control Taiwan. It is not that such a move is imminent or inevitable, but people who know about such things “game” out what could happen, and no matter how you slice it, it would be ugly. All parties likely to be involved, including the U.S. and Japan, would incur “heavy losses.” The Center for Strategic and International Studies ([link removed]) estimates looked at an invasion scenario taking place in 2026 with Japan and the U.S. supporting Taiwan. The extensive “war gaming” of the invasion ends essentially the same way each time, with the extensive loss of ships, aircraft and troops.
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