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Groundwork Collaborative released a new resource describing how corporations use a growing arsenal of deceptive pricing tactics to squeeze American families and drive up record profits.
President Trump has finally figured out that the crushing cost of living crisis is sinking his Administration.
Today, Groundwork Collaborative Executive Director Lindsay Owens appeared on MSNBC’s Way Too Early with Ali Vitali to discuss how the government shutdown fight to lower health care costs underscores Americans’ demand for action on the affordability crisis.
“Americans are losing faith in the economy because they’re losing ground. Every day it becomes clearer that President Trump has no real interest in improving the lives of American families,” said Alex Jacquez, chief of policy and advocacy at Groundwork Collaborative, in a statement on the Michigan survey report.
But critics say it will be hard for Trump to turn around public perceptions on affordability. 'He's in real trouble and I think it's bigger than just cost of living,' said Lindsay Owens, executive director of Groundwork Collaborative, a liberal economic advocacy group.
President Trump promised to lower costs on day one. Ten months into his second term, his administration now says America’s affordability crisis is a 2026 problem.
“In the next year, a total of 37 millionaires left,” said Lindsay Owens, executive director of the Groundwork Collaborative, a progressive think tank, speaking to USA TODAY earlier this year. “But in that very same year, the millionaire population of New Jersey increased by more than 3,000 individuals.”
But Elizabeth Pancotti at Groundwork Collaborative said you can get a decent sense of what’s happening by looking at a bunch of different data points from different companies. “Taking all of that together, I see a very stalled labor market,” she said. “But we are not seeing massive red flashing signs on the labor market yet.”
"Some will have to go to skimpier plans," she noted in a recent conference call organized by left-leaning economic advocacy group Groundwork Collaborative to discuss the ACA premium tax credit expiration. "Deductibles are going up as well ... [consumers] will be heading into next year with bigger out-of-pocket expenses."
That spike is showing up on store shelves. Variety packs from Hershey — maker of Reese’s, KitKats and Heath bars — are up about 22%, while Mars, the company behind M&M’s and Milky Way, raised prices about 12%, according to the Century Foundation, a progressive, independent think tank, and the Groundwork Collaborative.