The economic fallout from years of runaway federal spending is erupting into a full-scale national emergency, as new data shows Americans are skipping meals, shelving medical care, draining savings, and losing their homes at staggering rates.
After Congress and the previous administration flooded the system with trillions of dollars, the dollar’s value has plunged, silver prices have more than doubled in 2025, and households are facing a cost-of-living catastrophe with no end in sight. Food prices remain especially punishing, hitting low-income households the hardest.
A new survey from the Century Foundation paints a bleak picture of daily reality for millions of Americans.
According to the survey:
34 percent of registered voters have skipped a meal to save money, including 54% of voters under 30, 44% of black voters, 41% of Hispanic voters, and 39% of women.
29 percent delayed or skipped medical care over the past year, including 49% of young voters, 37% of Hispanic voters, and 32% of black voters.
24 percent skipped doctor-prescribed medication.
64 percent switched to cheaper groceries, including nearly eight in ten voters under 30.
48 percent tapped into savings just to meet daily expenses.
These numbers underscore what Americans have been experiencing for years: a collapsing standard of living while essentials grow increasingly out of reach.
Consumer Confidence Collapsing
The financial strain is wearing down the public.
A new Gallup poll shows consumer confidence in November fell to its lowest level in 17 months, driven by a prolonged government shutdown, market volatility, inflation anxiety, and weakening job prospects.
Americans are feeling financial pressure from every direction, and debt levels are skyrocketing as a result.
Foreclosures Surge 21% in One Year
A growing share of homeowners can no longer keep up.
New data shows a dramatic spike in missed mortgage payments and forced sales.
According to ATTOM:
• 35,651 properties received a foreclosure filing in November
• That’s a 21 percent increase from the year prior
• Foreclosures are rising every month
“If you need proof that Americans are struggling financially, here it is,” the report states.
Millions Turning to Vehicles for Shelter
Those unable to afford housing at all are turning to cars, vans, and RVs.
One example is Chandra Duba, a 50-year-old Domino’s delivery driver in Vermont who lost access to subsidized housing and is now living in a partially gutted RV with no functional heat. She earns too much for food stamps but too little for local rent.
“I go to bed at six at night because I can’t stand to be awake anymore,” she told local reporters.
Her story reflects a growing reality across the country in 2025.
Business Leaders Losing Confidence
Corporate leaders aren’t optimistic either.
A survey from AICPA and CIMA found only 28 percent of business executives feel positive about the economic outlook — down from 34 percent last quarter.
Domestic economic conditions and inflation remain their top concerns.
If only 28 percent are optimistic, that means 72 percent of executives are either pessimistic or not willing to claim optimism.
Farmers Facing the Worst Crisis in Decades
America’s agricultural backbone is also under strain.
Even after the Trump administration announced a $12 billion aid package, many farmers say they are facing ruin.
Wisconsin soybean farmer Doug Rebout described losing roughly $400,000 due to collapsing soybean prices and rising inflation-driven production costs.
“It would help farmers ‘weather the storm,’” Rebout said of the aid package, but he warned that many fear losing farms held by their families for generations.
A Predictable Catastrophe
For decades, policymakers have insisted that inflationary spending would not have consequences.
The results are now impossible to ignore:
• A historic cost-of-living crisis
• Soaring debt burdens
• A housing and foreclosure wave
• Farming communities on the brink
• A shrinking and increasingly desperate middle class
Inflationary policies lead to inflationary results.
Now we are enduring a historic cost-of-living crisis that has spun out of control, and that should not be a surprise to any of us.
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