There is an ongoing discourse surrounding financial struggles in America. The prevailing narrative often revolves around the high cost of living and burdensome taxes. Some argue that these issues may not be the root cause of economic hardship for many Americans, and it is time to recognize that a significant portion of the population is facing an income-related problem.
While it is undeniable that the cost of living in America has been steadily increasing across various sectors (i.e., housing, healthcare, and education), focusing on only reducing expenses overlooks the issue of stagnant wages and income inequality. The average worker in the country has seen little to no increase in their wages over the years. With this, many are left struggling to make ends meet despite their best efforts to manage expenses and navigate tax obligations.
