The US authorities may face mass protests due to the increase in the cost of living. Financial analyst Ted Jenkin expressed such a view in his column for Fox News.

“People are working, collecting paychecks and wondering why they still can't afford their lives. And America had better pay attention,” the analyst wrote.

According to Jenkin, financial dissatisfaction of people could lead to protests such as those held in France and Italy. In these countries, people are taking to the streets because of low wages, high housing prices, and rising daily expenses.

The article notes that a decrease in inflation does not mean a return to previous levels of prices. Even as inflation slows, American families continue to pay higher prices for food, utilities, rent, insurance, and taxes. As a result, people may earn more but feel poorer.

The analyst says that the situation is particularly worrying for young families, who are struggling to save up money to buy a home. Equally worrying is the situation of parents, retirees, and those who have difficulty meeting daily expenses. For many, credit cards are becoming a way to cover unexpected expenses.

Jenkin drew attention also to the US national debt, which, according to his data, has exceeded $40 trillion. In his assessment, rising debt payment costs may limit the US authorities' ability to respond to future economic shocks without raising taxes, cutting spending, or borrowing more money.

The article emphasizes that economic indicators alone do not reflect the true financial situation of families. Jenkin considers the main measure of financial well-being to be the amount of money that remains in the hands of people after covering the costs of housing, food, transportation, medical services, and utility bills.