U.S. Treasury Secretary Scott Bessent sparked debate at the World Economic Forum yesterday, acknowledging the 'financial breaking point' facing many Americans. 💸 Speaking in Davos, Bessent linked current household pressures to policies from the Trump administration (2017–2021), claiming income trends during that period set the stage for today’s challenges.
But economists are pushing back, arguing that gains during Trump’s first term disproportionately benefited high earners. “The data shows a fractured recovery,” said one analyst, pointing to stagnant wages for middle-income workers since 2020.
With inflation still lingering in 2026, young professionals and families are feeling the pinch. Bessent hinted at new relief measures but offered few details. Stay tuned for updates as the forum continues! 🌍💼
