Inflation kills the impact of huge stimulus payments

Today`s high prices, decreasing home values, motionless wages and tight credit is a potent combination which has struck the American consumer hard.

In June, the second biggest inflation in nearly three decades mummed the impact of billions of dollars in government stimulus payments, figures showed Monday. The incomes barely budged in June and spending of the consumer deteriorated due to the higher prices for food, energy & other items, as the Commerce Department data show.

Kathy Stanley from rural Franklin County west of St. Louis said on Monday that rising gasoline prices had consumed into her budget so forcefully that she and her husband both have cut almost all their discretionary spending...
For more details check Yahoo News

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To know which is better bankruptcy or debt consolidation


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