Inflation jumped to a three-year high while Trump openly said he doesn't think about Americans' financial situation, making this very bad for households already falling behind.

• Inflation hit 3.8% in April, driven by the Iran war pushing up gas, food, and airfare prices.
• Wages rose 3.6%, so pay raises no longer cover the cost of living and people are getting poorer in real terms.
• Trump said on camera he doesn't care about Americans' finances, only stopping Iran from getting a nuclear weapon.
• Home buying has fallen to a historic low because high interest rates lock older owners into cheap mortgages and price young buyers out.
• Over five years, groceries are up 26%, ground beef 68%, auto insurance 58%, and home prices 37%, while wages have not kept pace.

Outlook: Trump is flying to Beijing with top US executives to strike a deal that likely drops the push to bring manufacturing home, and inflation pressure is expected to keep squeezing households into the midterms.