“Children’s hunger is not the cost you have to pay to reduce inflation,” said Ananato of Bernard.
Meanwhile, Republicans have accused the Biden administration, especially the Democratic Party of Japan, of the $ 1.9 trillion US bailout plan passed earlier last year for exacerbating inflation. Many economists, including the Democratic Party, agree that spending has promoted at least some of inflation and has further disrupted the politics of economic aid.
The economy has been strong so far, but there are early signs of a recession. Work is growing fast, but slowing. Claims of being unemployed are still low, but they are picking up. Evacuation is increasing In some cities where the ban has expired Retail sales It fell in May.
“I think we’re starting to see signs that the good times are coming to an end for some,” said Karen Dynan, a former Treasury Chief Economist at Harvard University. “I have general pain.”
For many families, the pain has already arrived and I feel it is very specific.
Brandy Sandersfeld gave birth to a boy in March 2020. She was the same week that her eldest son’s school was closed due to a pandemic, and her husband’s pizza business had to be closed forever.
A few months after trying to get over the pandemic, Sandersfeld and her husband, Chris, moved to a more rural area in their hometown of Arkansas, where they owned the land. Unemployment benefits helped pay for transfers, and last year the expanded child tax credit provided the coveted financial cushion. These payments ended in January — just before Sandersfeld, 37, hit a deer in an SUV and exchanged it to wipe out her savings.
