Economic Despair is Rapidly Spreading as the Cost of Living Rises to Extremely Oppressive Levels

May 09, 2023

by Michael Snyder The Economic Collapse Blog

This new economic downturn is starting to bite, and we are starting to see signs of severe pain all over the nation. In fact, unless you are independently wealthy, you are likely feeling pain too. The cost of living has risen to extreme oppressive levels, and this has happened at a time when close to two-thirds of the country was already living paycheck to paycheck. As a result, many Americans are having their finances stretched to the breaking point, and millions of them are reaching out for help. For example, on Saturday morning the line of people waiting for assistance at one of Boston’s largest food pantries “stretched the length of two football fields”…

The line outside Boston’s American Red Cross Food Pantry on a recent Saturday morning stretched the length of two football fields.