Beef? Buns? Pickles? Everything costs more this year.
But when asked Donald Trump doesn’t “think about Americans’ financial situation.”
Donald Trump ruins everything. Even National Hamburger Day.
Had a fun conversation with @perrybaconjr on Substack Live discussing AI politics, policy, and how Democrats should seize the
moment. Watch below!
The rules of pricing are being re-written.
Corporations use your browsing history, your location, and your income to figure out the maximum you'll pay.
76% of Americans want it banned.
The summer of high prices is only getting worse: next stop is the grocery store (yes, again).
Grocery prices rose by the most in 4 years last month. Trump's policies mean those pressures aren't likely to let up until 2027.
🚨NEW: May data from the Bureau of Economic Analysis tells the grim story of Trump's economy.
- Highest month-over-month food inflation since November 2022
- Biggest year-over-year drop in disposable income since October 2022
- Lowest personal savings rate since June 2022
How did airlines get into the business of spying on their customers?
By using AI-companies like Flyr & Fletcherr which use your personal data to charge you the maximum possible.
What started as a tool for consumers is now helping airlines gouge its customers.
NEW: May data from the Bureau of Economic Analysis tells the grim story of Trump's economy.
→ Highest month-over-month food inflation since Nov 2022.
→ Biggest year-over-year drop in real disposable income since October 2022.
→ Lowest personal savings rate since June 2022.
Inflation is at a 3-year high.
Incomes are falling.
Savings rate is at a 4-year low.
Trump's response this week: convene a Cabinet meeting to clean up his own war, keep planning a $1.8B slush fund for his supporters, & a taxpayer-funded billion-dollar ballroom.
NEW: Shell's commitment to returning 40-50% of cash flow to shareholders is, in the CEO's own word: "sacrosanct."
Not bringing down gas prices. Not passing savings on to consumers.
Working families have increased gas spending by more than 12% since Trump's war began.
New polling from @Groundwork finds three quarters of Americans support banning surveillance pricing.
Watch former FTC Chair Lina Khan explain how this predatory and deceptive tactic works.
83% of Americans support loyalty programs.
Then we told them how those programs actually work: Companies use personal data to decide who gets discounts & who pays more for the same item.
Support dropped 32 points. Corporate surveillance dressed up as coupons? Not so popular.
Gas is up 50%. Groceries are up 13%. Airfare is up 31%.
The only winners of this crisis? Oil and gas companies. Our new report exposes their CEOs in their own words.
🔗: https://groundworkcollaborative.org/work/big-oil-racks-up-windfall-profits-while-consumers-pay-higher-prices/
NEW polling from us & @DataforProgress:
→ 76% of Americans say using personal data to charge different prices is unfair
→ 80% say every customer should pay the same price for the same item
→ 76% support an outright ban on surveillance pricing
🔗: https://groundworkcollaborative.org/news/strong-majority-of-americans-want-corporations-to-end-deceptive-surveillance-pricing-schemes/
Oil & gas companies have made $23 billion in excess profits in one month.
While working families are cutting back on groceries to cover gas, oil executives are deciding which shareholders get the biggest checks.
That's Trump's economy.
https://groundworkcollaborative.org/work/big-oil-racks-up-windfall-profits-while-consumers-pay-higher-prices/
Under Trump's economy, the price of a pound of ground beef reached a historic high of $6.89. The cost of toppings & sides are up, too.
The classic Memorial Day menu is now up 13% from a year ago, we found with @TCFdotorg.
New in @MarketWatch ⏬
