Veronica Merritt, a 45-year-old New York single mother, is courageously expressing her financial hardships in supporting her huge family of twelve. Veronica is committed to her kids and isn’t going to give up even in the face of criticism and scorn.
Veronica is honest enough to admit that she now needs food stamps to feed her family because of the growing cost of living. Due to her enormous annual food expenses, Veronica has turned to less expensive staples like ramen noodles, macaroni, and hot dogs. Veronica is certain that her children are her greatest blessing, even in spite of the criticism she receives over her finances.
Veronica uses her platform as a TikTok content creator to share her experiences as a single mother of twelve kids. Her family’s monthly food stamp payments of $1,400 are insufficient to meet their food costs. In the past, Veronica was able to support her family on just $500 per month. She predicts that, however, the existing situation will require $2,000 to $3,000 a month to cover the cost of basic meals.
For Veronica and her family, there is more to their financial burden than just groceries. Household finances have been severely impacted by inflation; the average American household now spends $1,080 a month on groceries alone. Apart from her usual spending, Veronica also has to pay for school supplies, housing, and special events like birthdays and Christmas, totaling an annual expenditure of $58,000.
Veronica is nevertheless strong and resourceful in spite of these obstacles. She is committed to selling her paintings and working on TikTok to provide for her family. Even though Veronica’s TikTok revenue varies, she never loses faith and takes initiative to look for ways to boost her income so she can support her family.
Veronica became a mother for the first time at the young age of 14, when she gave birth to her first child. She went on to welcome 11 additional children throughout the years, all of whom brought her happiness and contentment. Veronica loves the close relationship she has with each of her twelve children and treats them all equally, despite the challenges that come with being a single mother of twelve.
Veronica’s love for her kids never wavers in the face of criticism and judgment. She is determined to give kids a kind and loving environment. Although Veronica is aware of the difficulties in providing for a big family on a tight budget, she is thankful for her children and maintains an optimistic outlook for the future.
Automaker Suffers Major Losses of Billions Due to Electric Vehicle Investments in 2023.
As the push for electric vehicles persists despite public reluctance, the once-promising solution for environmental concerns is revealing significant drawbacks. Issues like inadequate charging infrastructure, limited range, battery problems, high repair costs, and supply chain disruptions have plagued the industry.
Despite these challenges, proponents like Joe Biden continue to advocate for electric vehicles. However, the lack of consumer interest has led to substantial financial losses for manufacturers. Ford Motor Company, for instance, reported a staggering $4.7 billion loss in 2023 from its electric vehicle product line, exceeding earlier projections.
The company attributed the losses primarily to intense competition driving down prices. With Ford selling around 72,608 electric vehicles in the year, the losses translate to roughly $65,000 per vehicle sold, an unsustainable business model. Moreover, Ford anticipates further losses, projecting up to $5.5 billion for 2024, particularly concerning in an election year.
Despite Chief Financial Officer John Lawler’s optimistic remarks about future profitability and customer adoption, the reality suggests otherwise. Ford’s flagship electric vehicle, the F-150 Lightning pickup, saw diminished demand, leading to production cuts. This setback is notable, especially as Biden’s administration aimed for 50% of new vehicle sales to be electric by 2030.
Watch Biden test drive the Ford Lightning pickup here:
General Motors has also dialed back production and tempered expectations, posting a $1.7 billion loss on electric vehicles in just the fourth quarter of 2023. Ford went on to state: “We said yesterday that we will launch our second-generation EVs when they can be profitable and deliver the kind of returns we want, and we will build a stand-alone profitable EV business. Meantime, we’re improving the contribution margin of our first-generation EVs.”
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