Feeling down and out about finances

[Atthepark]

So I am so angry at Biden for giving all the money to Ukraine bc I need help I work as much as I can and I'm broke every payday I hate this cycle and can't break it.. I wish they would send out stimulus checks I was doing better when covid was big and I had alot more money back then before gas and food prices went up. I' have a son who is in college . So I don't have a huge grocery bill anymore but buying groceries and paying all my bills I have very little money left at the end of the month and that wears me out. They haven't raised waged to combat the rise of food costs. I own so it's not like my rent went up but I pay hoas mortgage kids insurance phone electric cable credit card and a car loan. It's like things will never be the same till we can elect someone else president I'm just feeling bummed like the president doesn't care about us. I'm not making a polital post and I don't want to talk politics but I want things to change meaning the economy get better. Right now the future is looking pretty dim.

[Sabbath1]

Yeah..the price on everything keeps going up but peoples pays aren't going up. Strange way the world works.

[Blueruth]

Blaming the president will get you nowhere and it isn’t even something they can just snap their fingers and fix anyway. Stimulus checks aren’t a fix and never were. Instead what can you do personally to help your situation? Guess what market turn downs is a part of life. Your employer didn’t give you a wage? Unemployment is low. Can you look for another job? I used to take second jobs for short periods of time when money was tight or I just needed extra cash. Can you do that?

I think the fact that wages overall have gone up is good for the middle and lower class. Inflation also means savings interest rates are up. If your account isn’t earning above 3% you need to switch banks couple that with low unemployment and from where I am sitting it looks bad for investors not low income earners. If you are single, childless or retired you have a lot of control over how much you spend..

[Blueruth in reply to Blueruth]

emphasis on this will not be last market turn down. It is about every 10 years. I’ve been hit by every one since 1992. That’s one reason my retirement savings is behind. I’m empathetic but like I said if you are young, childless, single or retired you have way more flexibility than someone who falls in one of those categories. So remember this comment when the market is better, you are making more and dump that extra into a tax advantaged account. I don’t care it it is only 10/month. It really makes a difference and you could fall into one of those buckets in 10 years.

[designguy]

Biden has little to do with the price of goods and inflation, it's corporate America and our "free-market" system and supposedly "supply and demand" that controls the price of goods. Also, without naming names, one political party especially has consistently refused to impose any kind of controls or penalties for price gouging and therefore we are the ones that suffer.