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High-Earning Americans Fear Financial Ruin

A growing number of high-earning Americans are increasingly worried about their finances, according to a new survey by the Federal Reserve Bank of Philadelphia. The survey reveals that over 30% of individuals earning between $100,000 and $149,999, and 32.5% of those earning more than $150,000, are concerned about making ends meet, up significantly from last year. Surprisingly, these affluent individuals are more worried about their finances than those earning less, with 29.8% of individuals making between $40,000 and $69,999 expressing concern.

Despite a healthy economy with a solid labor market and low unemployment, high interest rates and persistent inflation have made everyday necessities like groceries, rent, and gasoline more expensive. This financial strain is particularly severe for lower-income Americans, who spend more of their income on essentials.

Americans are increasingly relying on credit cards to cover basic expenses as they deplete their savings. This financial anxiety comes amid growing pessimism about the U.S. economy under President Biden, with a Gallup poll showing only 38% of voters have confidence in his economic decisions, a significant drop compared to previous years. Read More.

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Biden’s Digital Currency Agenda: Unfolding in Plain Sight

A man visiting family in China found no need for cash, showcasing China's rapid shift to a digital-only economy. However, this convenience comes with drawbacks, such as heavy internet censorship and reliance on government-approved apps. In this digital landscape, the visitor became a source of uncensored news for his relatives.

Australia is moving towards a similar cashless society, driven by the World Economic Forum (WEF) treaty. Meanwhile, in the U.S., the Federal Reserve’s FEDNOW service promotes digital transactions, raising concerns about potential loss of voice and control.

As digital currencies gain traction, it's crucial to remain vigilant and informed. Our CBDC Wealth Protection Guide from American Alternative Assets provides essential insights to safeguard your financial freedom against potential controls. With FEDNOW active and CBDCs on the horizon, stay prepared and protect your future today. Read More.