Americans have lost $4,200 in​ ​income under Biden​, wiping out Trump gains – IOTW Report

Americans have lost $4,200 in​ ​income under Biden​, wiping out Trump gains

FOX: The average American has lost more than $4,000 in annual income since President Biden took office due to soaring inflation and higher interest rates thus wiping out income gains under the previous administration, according to data compiled by the Heritage Foundation.

Experts at the conservative think tank analyzed consumer prices data and the Federal Reserve’s interest rates and found in a Friday report that Americans have lost the equivalent of $4,200 of income per capita since January 20, 2021.

Consumer prices have risen 12.7% since January 2021, much faster than wages, which Heritage analysts say has cost the average American worker $3,000 in annual purchasing power. 

Additionally, the tightening monetary policy by the Federal Reserve and increased borrowing costs on mortgages, vehicle loans and credit cards – caused by higher interest rates – have reduced the average American’s purchasing power by another $1,200 per year, Heritage Foundation says.  more here


11 Comments on Americans have lost $4,200 in​ ​income under Biden​, wiping out Trump gains

  1. At least we are funding bureaucrats in…
    UKRAINE!

    We actually are!
    We send them money for their salaries!
    Infuckingcredible!

    5
  2. It’s worse than that. The market is 17.30% in the negative. Technically that makes it a 34% loss from where we were two years ago!!!!!!!

    FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN – FUCK JOE BIDEN –

    6
  3. My normal take, as a relatively poor person, was that you can’t eat gold and consumable commodities will be worth a lot of gold during the musical chairs part of America’s destruction. Brass, lead, powder, and excess food stocks (food = large trade value) will do you better during the in-between time.

    But if you do have a large bank balance, gold will definitely carry over if the dollar is worthless after the smoke clears.

    That’s my assessment.

    3

Comments are closed.