In Biden’s Economy – Americans are Resorting To Microloans to Buy Gas and Groceries
With inflation at a 41-year high, gas at record prices, and the cost of food and housing reaching record levels, Americans are looking for alternative methods for staying afloat as their resources are dwindling. Federal Reserve Economic Data (FRED) said in May that Americans had just 5.4% of their paychecks left after paying basic living expenses, leaving very little for savings.