The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data.Such figures underscore the financial squeeze many families continue to face even as the the rate of U.S. inflation recedes and the economy by many measures remains strong, with the jobless rate at a two-decade low. The analysis, from Republican members of the U.S. Senate Joint Economic Committee, taps government data such as the Consumer Price Index and Consumer Expenditure Survey to examine the impact of inflation state by state.Even so, many Americans say they aren't feeling those gains, and this fall more people reported struggling financially than they did prior to the pandemic, according to CBS News polling. Inflation is the main reason Americans express pessimism about economy despite its bright points, which also include stronger wage gains in recent years.
Eleven large annually! Nevertheless, Dementia Joe is going to keep pushing Bidenomics until you ingrates come to your senses.
1 comment:
Hmm. How'd the 2022 elections go?
What about those 2023 elections?
Didn't the voters know they aren't "feeling those gains"? And inflation was actually rising then. Not anymore.
Joe Biden has been the man in the White House during the strongest electoral performance by any president's party since Franklin Roosevelt in the 1930s.
And now, your prayed-for 2023 recession isn't coming.
No 2024 recession, either.
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