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America’s Split Economy Under Strain | Cork News
Consumers are tightening their belts as spending on fun stuff like dining out and vacations plummets, with 65% prioritizing essentials like food and 61% bracing for higher bills. Meanwhile, a widening wealth gap emerges — the top 10% hold nearly five times more than the bottom half — while inflation outpaces income, especially for women. Rising health insurance costs add pressure, with insurers hiking prices by 2.75% starting October, costing some $150 annually. But there’s a glimmer: the government has postponed petrol and diesel tax hikes until November and extended fuel rebates to offer…
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