Cost of Living Crisis
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Trump and Mamdani talk NYC's 'cost-of-living crisis'
Yahoo Finance· 2025-11-21 21:31
Cost of Living Crisis - The focus of the campaign is on the cost of living crisis, particularly in New York City [1] - Voters who supported both the president and President Trump expressed concerns about the cost of living [1][2] - Specific cost of living concerns include groceries, rent, Con Edison (utilities), and child care [1] Affordability Agenda - There is a focus on delivering for New Yorkers in partnership with the president on an affordability agenda [2] - Efforts are needed to address Con Edison prices, particularly in relation to fuel prices [2][3] - Fuel prices have decreased, but this decrease has not been reflected in Con Edison prices [3]
Trump 'shown more disregard' for economic well-being of young people than any president: Elson
MSNBC· 2025-09-19 20:32
Economic Struggles of Gen Z - Youth unemployment is at 105%, double the national average [1] - About one in three young adults still live at home [1][10] - 70% of Gen Z loses sleep over financial stress [1] - College costs are 42% of income compared to 13% for their grandparents [11] Political Implications - Political figures resonating with Gen Z address economic struggles directly [1][5][6] - Affordability, financial hardship, and the housing crisis are key issues [6][8][9] - Young people voted for Trump because they thought he would fix economic problems [7] - Political leaders need to pay attention to what young people are saying [8] Proposed Solutions and Criticisms - Zoning reform and quality immigration reform are potential solutions [16] - The current president has been criticized for exploding the debt by $4 trillion and reigniting the cost of living crisis [13] - The current president oversaw the most unaffordable housing market in American history [13] - 600,000 people lost around $4 billion on crypto [14]
Turkey’s economic woes are catching-up with Erdoğan | FT #shorts
Financial Times· 2025-07-15 04:01
Economic Challenges - Turkey's economy is struggling due to measures needed to address a balance of payments crisis [1] - Real exchange rate appreciation, driven by inflation exceeding the Lira's depreciation rate, negatively impacts Turkish exporters [3] - Turkish citizens are facing a cost of living crisis [3] - Approximately 1 thousand domestic companies have declared bankruptcy this year [2] Political Implications - Economic difficulties have increased political risks for President Erdogan [3] - Erdogan's popular support has decreased, potentially affecting his plans for a third presidential term [4] - The economic situation may complicate Erdogan's efforts to form political alliances [4] - The arrest of Istanbul mayor Ecram Imamolu worsened the situation, leading to riots and financial panic [1][2] Investment Climate - Foreign and local businesses have re-evaluated their investment strategies [2]