Bidenomics In Action: 16.7% Bidenflation - The Chickens Come Home To Roost, Hurting Americans
Bidenomics ≡ Bad Economic Policies
tippinsights Editorial Board
September 14, 2023 . 7:21 AM
*"Bidenflation" stands at 16.7%, exposing a significant increase in prices since President Biden took office
*Real wages have declined under Biden's watch, forcing people to cut back on various expenditures
*The American economy is likely to experience a protracted period of stagflation, characterized by economic stagnation accompanied by high inflation
*"Bidenomics" is a failure, and Biden's misdirected energy policy is the root cause of these issues
More than six out of every ten (61%) Americans live paycheck to paycheck.
American credit card debt has surged by 38%, increasing from $743.5 billion in the first quarter of 2021 to a recent total of $1.031 trillion.
You may wonder why.
Look nowhere else than Bidenomics.
Americans are grappling with soaring prices. These days, it takes $1,000 in earnings to buy what $857 could purchase when Biden took office. And the earnings have not kept up with inflation.
How do Americans address the shortfall?
Take on two jobs, reduce expenses, skip meals, use credit cards, or dip into retirement savings. There's evidence that all these strategies are employed in Biden's America.
more
https://tippinsights.com/bidenomics-in-action-16-7-bidenflation-the-chickens-come-home-toroost-hurting-americans/