Americans have lost $4200 under Biden

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americans have been losing $ since Reagan took office. They're just losing more now.
 
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.

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

Better check your math, Trog--- --- I just saw an estimate the other say saying that all these illegals Joe has let in is apt to cost every man, woman and child in this country $10,000 a piece just that alone.

I'd ask anyone: If a person were to do all they could to wreck this nation economically, socially, militarily, what could they do any different from Joe has already done?

PS: I'd love to be a journalist; I would ask that of Joe to his face. I'd love to see him try to answer it!
 
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.

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

If you ask me that figure sounds a bit low, but okay.
 

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