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  • Senator Rick Scott: Biden and Harris Driving America’s Economy into Ground

    Senator Rick Scott: Biden and Harris Driving America’s Economy into Ground

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    Florida Senator Rick Scott slammed President Joe Biden and Kamala Harris, saying the Democrats are driving America’s economy into the ground.

    In a recent video, the Republican Senator called out the Biden-Harris administration’s failed economic policies that he said “are killing American businesses and economy.”

    “It’s no secret that Bidenomics and Harris price hikes are crushing our economy and making the American dream feel out of reach,” Florida Senator Rick Scott said. “We can only fix this problem if Washington politicians face the facts.”

    The Florida Republican incumbent wants to “stop the tax and spending spree” in order to get America’s fiscal house in order.

    Senator Scott also released an update on his actions to address the Biden-Harris administration’s economic crisis and skyrocketing inflation, along with his own quarterly economic snapshot.

    In the video, the Florida Senator points out “the soaring cost of breakfast,” and the national debt problem. He added that “choices made by Washington elites are directly impacting your bottom line.”

    Sen. Rick Scott also channeled Republican President Donald Trump in his political messaging.

    “As Florida’s U.S. Senator, I’m fighting like hell to make our economy great again so that every American can live their American dream,” the Republican concluded in the political video message.

     

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  • More Americans Living Paycheck to Paycheck Despite Increased Budgeting

    More Americans Living Paycheck to Paycheck Despite Increased Budgeting

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    More Americans are living paycheck to paycheck despite increased budgeting, according to Debt.com’s 2024 budgeting survey of 1,000 Americans, which showed a mixed financial picture.

    While more people are budgeting and finding it beneficial to stay out of debt, the number of individuals living paycheck to paycheck has risen 10% over the past two years.

    In 2022 and 2023, 50% reported living paycheck to paycheck; this year that number climbed to 60%. Meanwhile, 90% of respondents say they budget, compared to 70% when the survey was first conducted seven years ago.

    “Debt.com’s newest survey indicates that while budgeting is becoming more common and beneficial, it hasn’t completely shielded Americans from financial hardship,” said Howard Dvorkin, CPA and Debt.com chairman.

    One bright spot is the percentage of people who say budgeting has helped them get out of or stay out of debt, increased to 89% this year from 73% in 2018. Millennials lead the way, with 92% reporting that budgeting has kept them out of debt, followed by 90% of Gen X, 86% of Baby Boomers, and 83% of Gen Z.

    The Debt.com survey also highlights the reasons people began budgeting:

    • 38% – Increasing wealth and savings
    • 21% – Tackling debt
    • 17% – Inflation and cost of living
    • 15% – Saving for retirement
    • 6% – Job loss
    • 2% – Divorce or loss of a spouse

    “The rising number of people living paycheck to paycheck indicates that economic factors may be driving the need for individuals to fine-tune their budgeting strategies,” continued Dvorkin.

    Of those who say they budget, 39% say their whole household works to stay on budget. The survey also shows that, overall men (94%) are budgeting more than women (87%). The top reason women cited for not budgeting was that they “don’t have much income,” while men primarily said it’s “too time-consuming.”

    Debt.com is a consumer website where people can find help with credit card debt, student loan debt, tax debt, credit repair, bankruptcy, and more. Debt.com works with vetted and certified providers that give the best advice and solutions for consumers “when life happens.”

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