76% Of Americans Have Had To Curb Their Spending Due To Inflation

[Independent thinker]

But the economy is going great. Biden, the left, and the lefty media have told us so. So, why have 76% of Americans had to curb their spending if the economy is going so well? Apparently 76% of Americans don't think the economy is going so well after all.

76% of Americans Have Curbed Spending Due to Inflation — See What They’re Giving Up

When prices rise, families on a budget have two choices: Earn more or spend less. In 2023, three out of four people chose the latter. A new GOBankingRates survey of more than 1,000 adults found that...

www.yahoo.com

 

[excalibur]

No way Biden's real approval numbers are 40%.

 

[SassyIrishLass]

Bidenomics!!! Screwing 75% of America

 

[1srelluc]

I guess they finally ran out of places to transfer their CC balances.....They should have figured that shit out three maxed-out cards ago.

Hey maybe they bought into the whole transitory inflation thing.....That and the value of their dollar has declined 16% since 2020,

 

[shockedcanadian]

But the economy is going great. Biden, the left, and the lefty media have told us so. So, why have 76% of Americans had to curb their spending if the economy is going so well? Apparently 76% of Americans don't think the economy is going so well after all.

76% of Americans Have Curbed Spending Due to Inflation — See What They’re Giving Up

When prices rise, families on a budget have two choices: Earn more or spend less. In 2023, three out of four people chose the latter. A new GOBankingRates survey of more than 1,000 adults found that...

www.yahoo.com

In Ontario the largest growth of Food Bank use by far are working adults. Up 40% or so from last year and they are desperate for help. I gave to charty multiple times this year to help the hungry.

 

[SassyIrishLass]

In Ontario the largest growth of Food Bank use by far are working adults. Up 40% or so from last year and they are desperate for help. I gave toncharty multiple times this year to help te hungry.

Our Church Outreach can't keep up.

 

[Marener]

That claim doesn’t sound accurate given the increases in consumer spending we are seeing.

 

[Independent thinker]

Our Church Outreach can't keep up.

But things are going great!

 

[Independent thinker]

That claim doesn’t sound accurate given the increases in consumer spending we are seeing.

First, the increases are solely due to higher prices, not people buying more. Second, people have to buy necessities, even if they have to charge them or raid their savings and retirement accounts. And, much of our increased economic activity is due to the deficit spending of the federal government.

 

[SassyIrishLass]

That claim doesn’t sound accurate given the increases in consumer spending we are seeing.

But things are going great!

Not really. Diapers and formula are scarce. Thank Mother Mary a couple of donors stepped up

Maybe it was Saint Teresa

 

[Independent thinker]

No way Biden's real approval numbers are 40%.

Hell, more than 40% in his own party don't want him to run again.

 

[SassyIrishLass]

Hell, more than 40% in his own party don't want him to run again.

Likely 60%

 

[Independent thinker]

I guess they finally ran out of places to transfer their CC balances.....They should have figured that shit out three maxed-out cards ago.

Hey maybe they bought into the whole transitory inflation thing.....That and the value of their dollar has declined 16% since 2020,

That's what the left don't understand. Things cost 16% more or more than that than they did when Biden took office and yet they want to brag about the 3.4% inflation is now. Americans know that inflation is more like 16% than 3.4%.

 

[SassyIrishLass]

That's what the left don't understand. Things cost 16% more or more than that than they did when Biden took office and yet they want to brag about the 3.4% inflation is now. Americans know that inflation is more like 16% than 3.4%.

Leftists are economic dumbasses

 

[Independent thinker]

Leftists are economic dumbasses

Hell, they couldn't even pass econ 101. They think every time they get one dollar they can spend two or three.

 

[SassyIrishLass]

Hell, they couldn't even pass econ 101. They think every time they get one dollar they can spend two or three.

Sounds like the US government. That'd explain 30 trillion debt

 

[my2¢]

I may not be in the 1% but at least I made that 24%.

 

[Marener]

First, the increases are solely due to higher prices, not people buying more. Second, people have to buy necessities, even if they have to charge them or raid their savings and retirement accounts. And, much of our increased economic activity is due to the deficit spending of the federal government.

Consumer spending is increasing in real terms.

Real Personal Consumption Expenditures

Graph and download economic data for Real Personal Consumption Expenditures (PCEC96) from Jan 2007 to Oct 2023 about headline figure, PCE, consumption expenditures, consumption, personal, real, and USA.

fred.stlouisfed.org

GDP increased 5.2% last quarter. How much of that was due to federal government spending? Do you even know?

You can’t just say shit because you feel like it’s true.

 

[Marener]

Leftists are economic dumbasses

None of you morons have given any indication you have the slightest idea what you’re talking about.

 

[Thinker101]

Bidenomics: Don't buy groceries, don't buy gas, don't ever leave the house/apt....and you should do fine.