Americans haven’t been this negative about the future of the U.S. economy since the financial crisis of 2008. Of course it isn’t exactly difficult to figure out why this has happened. A new recession has begun, inflation is wildly out of control, the housing market has started to crash, and more people are falling out of the middle class with each passing day. So many of the economic trends that I have been documenting in recent years are now really beginning to accelerate, and there isn’t much faith that the Biden administration and our other leaders in Washington will be able to turn things around any time soon.
But even though the outlook for the months ahead doesn’t look promising at all, I was still quite stunned by the results of a brand new ABC News/Ipsos survey that was just released…
Americans’ perception of the economy hit the lowest point since the 2008 crash in a new poll showing the Republican Party is more trusted to handle these kitchen table issues.
In an ABC News/Ipsos poll released Sunday, 69 percent of Americans claim that the country’s economy is ‘getting worse’, while just 12 percent say it is ‘getting better’ under President Joe Biden’s leadership.
The last time that particular survey produced results like that was right in the middle of the last financial crisis.
Most of you still remember the “Great Recession” very well, and there are many that believe that what we are heading into will be even worse.
That same ABC News/Ipsos poll also discovered that Biden’s economic approval rating has fallen even lower…
Biden specifically has a 37 percent overall approval on his handling of the economy – the lowest point in the polling since he took office last year.
It shouldn’t surprise us that the vast majority of the American people don’t trust Biden and his minions to handle the economy.
What should surprise us is that after everything that has already happened 37 percent of U.S. adults still have faith in the administration.
What are those people thinking?
One of the primary reasons we have so much inflation right now is because our leaders have borrowed and spent way too much money, and now the Biden administration wants even more.
On Sunday, the United States Senate gave Biden a huge victory by passing a 700 billion dollar spending bill known as “the Inflation Reduction Act”…
The Senate on Sunday passed the $700 billion Inflation Reduction Act, a scaled-down version of the Build Back Better Act.
The Senate voted to pass H.R. 5376, otherwise known as the Inflation Reduction Act, 51-50. The legislation passed on a party-line vote, with Vice President Kamala Harris breaking the tie.
Of course this bill isn’t going to do anything to reduce inflation.
Instead, it will just make it even worse.
So most Americans should get ready for their standard of living to go down even more.
As the cost of almost everything has gone up much faster than paychecks have, many Americans have been dealing with financial stress in a couple of different ways.
First of all, a lot of us are racking up credit card debt like never before…
Americans piled on $40.1 billion worth of debt in June, the Federal Reserve said Friday afternoon. The figure was considerably higher than economists’ forecasts, after May’s revised total of $23.8 billion.
Americans’ borrowing grew by 10.5% in June, compared to 6.3% in May, according to the Fed’s G.19 consumer credit report. Revolving debt — roughly a proxy for outstanding credit card balances — rose by 16% after an 7.8% increase in May.
That was the second largest monthly increase in consumer credit in the history of our country.
Ouch.
Of course piling up lots of credit card debt is a really, really bad idea, and that is especially true when we are plunging into a major economic downturn.
But many people can’t seem to help themselves. If you can believe it, Americans have opened a whopping 42 million new credit card accounts just since the beginning of the pandemic…
Since the pandemic started, about 42 million new credit card accounts have been opened, and consumers now hold more than 750 million auto-loan, credit-card, mortgage, and home-equity lines of credit. Overall, consumers ages 30 to 59 have record levels of debt.
Another way that Americans are dealing with financial stress is by taking on extra jobs…
From June to July, the labor force saw full-time jobs drop by 71,000, while part-time jobs and multiple jobholders increased by 384,000 and 92,000, respectively, according to the latest seasonally adjusted Labor Department data.
This trend of the economy dropping full-time jobs while adding second and part-time jobs has been accelerating since March.
Working an extra job is a great way to wear yourself down physically, mentally and emotionally.
It should only be done as a temporary solution, but at this point nearly half of all workers “are working at least one extra job”…
Some 44% of Americans are working at least one extra job to make ends meet each month, according to a survey by Insuraranks, while 28% of respondents said they took on a secondary gig due to inflation.
I am looking at those numbers and I am still having a really difficult time believing that they are real.
Has it really come to this?
What we do know is that survey after survey has shown that close to two-thirds of the nation is currently living paycheck to paycheck.
And as the cost of living continues to rise faster than paychecks do, that figure will almost certainly go even higher.
There are millions upon millions of people that are working as hard as they possibly can, but it still isn’t enough.
Many of those hard working people trusted the con artists in Washington when they were told that everything was under control and that the future looked bright.
Now many of those hard working Americans are realizing that they were lied to over and over again.
The truth is that the future is not bright for the U.S. economy. In fact, the times that we are moving into will be far more horrible than most people would dare to imagine.
The most epic economic bubble that the world has ever seen is starting to burst, and the nightmare that has now started to unfold is going to be spectacularly painful.
***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***
About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com. In addition to my new book I have written five other books that are available on Amazon.com including “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned) When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends. Time is short, and I need help getting these warnings into the hands of as many people as possible.
I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.
I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.
Article cross-posted from The Economic Collapse Blog.
Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures
The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?
That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.
From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.
The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.
This integration of faith and flavor addresses a real need in Christian households and ministries. Busy parents, church leaders, and remote workers alike report that starting the day with a Scripture-inspired roast helps center their thoughts on eternal truths amid temporal pressures. The coffee’s exceptional character — bright citrus notes in lighter roasts or deep chocolate undertones in bolder ones — comes from meticulous selection and careful roasting that respects the bean’s natural gifts rather than masking them. It’s the kind of coffee that elevates a simple quiet time, fuels productive workdays, or sparks meaningful conversations when shared at Bible studies or outreach events. And because it’s ethically sourced with integrity, every purchase supports sustainable livelihoods for farmers who treat their crops like family harvests.
For those leading churches or small groups, the impact multiplies. Promised Grounds offers bundles and options perfect for hospitality ministries, turning ordinary coffee service into an opportunity to point people toward the living water of Christ. Imagine greeting visitors with a warm cup whose very bag carries God’s Word — a subtle yet powerful witness that aligns with the Great Commission. The company’s Texas roots and commitment to “brewing hope” resonate especially with believers who value American enterprise paired with global compassion.
Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.
As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.
If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.
