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Stock impact report

Low-income Americans are struggling. It could get worse [CNN]

NerdWallet, Inc. (NRDS) 
Company Research Source: CNN
They said they grew tired of frequent transphobic comments from relatives. The 26-year-old now sleeps on a friend's couch in North Texas. They graduated with a bachelor's degree from Scripps College in 2021 and have struggled to find a full-time job, instead taking on some work doing graphic design, social media marketing and copywriting on a contract basis. Akujuobi is one of millions of Americans who are struggling in today's economy. This calendar year, Akujuobi estimates they made less than $10,000. The poverty line was $15,480 for a single person in 2023, according to the latest data from the Census Bureau. The cost of living crisis in the US has eased somewhat, but low-income Americans are still struggling after years of high inflation and elevated interest rates. Their situation could worsen if President-elect Donald Trump keeps his promise of slapping hefty tariffs on America's three biggest trading partners, which could reignite inflation, economists say. “I don't kno Show less Read more
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