Americans have lost $4200 under Biden

[SassyIrishLass]

Around here you can't even buy any good ground beef.

God Bless my mama...two black angus and one huge hog.

 

[Moonglow]

Oh, you did say sirloin. I must have not had my coffee yet when I read that because I swore you had written ribeye.

That was the week before.

 

[frigidweirdo]

The average American has lost $4,200 in income due to soaring inflation and rising interest rates, according to an analysis by the Heritage Foundation.

Experts at the right-leaning think tank analyzed consumer prices data and the Federal Reserve's interest rates. Consumer prices have risen 12.7 percent since 2021, far outpacing wages and Heritage experts believe this has cost Americans about $3,000 each in purchasing power.

As the Fed pushes interest rates to a range of 3-3.25 percent, higher borrowing costs are squeezing Americans on mortgages, vehicle loans and credit cards, costing another $1,200 per year.

Americans have lost an average of $4,000 in salary

The average American has lost $4,200 in income due to soaring inflation and rising interest rates, according to an analysis by the Heritage Foundation.

www.dailymail.co.uk

Comment:
Backwards Left Wing economics spreads poverty into the middle class.

And yet this started under Trump. The coronavirus has been one of the biggest reasons for inflation. The war in the Ukraine another. What could anyone have done to stop this from happening?

Perhaps getting rid of the boom and bust economy, Trump really pushed the economy, get a boom and you get the bust, and for a variety of reasons you'll get inflation.