Trump played his base. Trump lied through his teeth. Now we're all paying for it.
People are now checking out at the grocery store and filling their cars for the 5th to 10th time as prices have skyrocketed. They're exhausted their "planned monthly budget" and are now relying on credit debt to survive.
But here's what's scary... Government financial reports show the first quarter of 2026 being "virtually ok".
How can this be??? I'll make a prediction. The people Trump has put in power in our lending and finance institutions are masking the reality. Our country is tumbling into free-fall as people are risking committing their lives in higher short and long term debt.
HERE'S THE OFFICIAL RECORDS:
Total household debt increased by $18 billion, or 0.1 percent, to reach $18.8 trillion in the first quarter, according to the latest Quarterly Report on Household Debt and Credit. Aggregate delinquency showed little change, with transitions into early delinquency holding steady for auto loans and ticking down for credit cards and mortgages. Transitions into serious delinquency were mostly unchanged for auto loans and credit cards but accelerated slightly for mortgages, rising from 1.4 percent to 1.5 percent. Mortgage balances grew by $21 billion in the first quarter and totaled $13.19 trillion at the end of March. Home equity lines of credit (HELOC) balances rose by $12 billion, totaling $446 billion.
Sounds pretty good huh? TOO GOOD!
And now, take a look at your financial situation. Are you better off than you were a year ago? Back when we were finally coming out of the COVID19 crash.
Do a web search "are people financially better off today than a year ago?"
Axios: The share of Americans who say their financial situation is getting worse is higher now than at any point in the past 25 years.
Gallup: Americans' financial outlook in 2026 is also historically poor, with a record 55% now saying their financial situation is getting worse.
Republicans are now more optimistic: 55% say they expect their financial situation will be better a year from now. Ya? Well, they should set their adoration for Trump aside for a moment and consider some facts:
Nearly 3 in 10 or 29% of Americans have less in cash savings than a year ago, compared with only 25% who have more. Another 40% say their savings have not moved at all, which in an inflationary environment is effectively the same as falling behind. The numbers get more alarming up close. Total savings have increased dramatically FOR THE RICH! Most Americans turned to their extra savings to keep up with their rising bills. But the top 10% of earners kept most of what they had saved up. It's gotten even better for the Top 1%, people who make over $795,000 per year. No, a vew few of those people are diving into their wallets for their credit cards at Walmart.
The cost of living in the U.S. has increased by 3.8% over the 12-month period ending in April, according to the U.S. Bureau of Labor Statistics. Why? Trump's corporate entities have filed for Chapter 11 business bankruptcy six times between 1991 and 2014. This is his tactic. Break down, then "acquire". Last month Spirit Airlines filed for bankruptcy blaming Trump's war gas prices. He announced plans to have the government "acquire" them. This is just the beginning.
Prediction: We're going to start to see the economy tank. Right now we're living paycheck to credit card, in that silence you hear before the tidal wave hits. All the while Trump and the wealthy will laugh all the way to the banks... they own.
Hope I'm wrong! Good luck everyone.