Permanent change in US standard of living

This economist says the "worst is yet to come."
Hang on everyone cause I think he’s right.

finance.yahoo.com/tech-ticker/article/176478/%22Worst-Is-Yet-to-Come%22-Americans’-Standard-of-Living-Permanently-Changed?tickers=WMT,WFMI,FDO,%5EGSPC,%5EDJI,RTH

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