The findings suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election.

The findings suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election.

Six months into Donald Trump’s unprecedented gambit to impose sizable tariffs on imports, U.S. consumers are already shouldering as much as 55% of their costs, according to a new report from Goldman Sachs analysts.

And with new tariffs likely on the way, the cost burden could rise even higher, they said.

The findings, released Sunday, suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election. While inflation rates have come down from the post-Covid peak, they have remained stuck above levels economists consider healthy, causing consumers and businesses alike to continue to report feeling burdened by price increases.

  • LaunchesKayaks@lemmy.world
    9·
    2 days ago

    I’m so broke rn that I’m rehoming most of my ducks. I’m only keeping 3 of the 8 that I have. I’ll save like $60/month on feed with a smaller flock. That money won’t go towards my savings, but to my mortgage payment which will go up by $40 starting in December.

      • LaunchesKayaks@lemmy.world
        2·
        1 day ago

        Yep.

        Fr tho, I think the issue is that my town is changing a lot of stuff and I think zoning is changing which is making property taxes go up. I’m pissed to say the least

    • frog_meister@lemmings.world
      115·
      1 day ago

      You probably bought a house that you could barely afford because something cheaper wasn’t good enough for you.

      You’re part of the problem.

      • papasan_mamasan@lemmy.world
        111·
        1 day ago

        Needlessly antagonistic, baiting real people into arguments, weaponizing class war talking points.

        You’re the whole problem.

        • frog_meister@lemmings.world
          27·
          1 day ago

          Right. I forgot we’re not allowed to criticize people for what they spend their money on.

          It’s bad for business.

          You’re not part of the problem. Don’t change your spending habits.

      • LaunchesKayaks@lemmy.world
        51·
        1 day ago

        I didn’t though. My house is absolutely tiny and was very cheap because of that. I don’t need a big house. Up until a couple months ago, I’ve been able to afford it and everything else without issue. I’ve cut out almost all luxuries from my life and get groceries at the fuckin dollar store now.

        You really shouldn’t assume shit about people. Acting like a dickhead online, unprovoked, isn’t a good look either.

        You’ll catch way more flies with honey, dear.

        • frog_meister@lemmings.world
          16·
          1 day ago

          The size of your house isn’t indicative of the price. There are houses way smaller than mine that cost way more.

          You get groceries at the dollar store? Sweetie, maybe you should get on welfare if you can’t afford groceries.

          Keep getting upset because someone dared to criticize how you spend your money. It’s the American way.