Americans should set aside an extra $5,200 this year to cover Joe Biden’s Inflation

According to Bloomberg, President Joe Biden’s 40-year-high inflation will cost American households an extra $5,200 in 2022, or $433 each month.

For the past four decades, Americans haven’t had to worry about adding inflation into their budgets but that seems to change this year.

Though the magazine promised that wage growth would offset the cost of pricey inflation, wages have not kept pace with inflation, allowing inflation to rip through the pockets of American workers:

Excess savings from the pandemic, will cushion those costs, allowing spending to grow at a reasonable pace this year. However, when savings are depleted faster, many who have been on the sidelines may feel compelled to join the workforce, and the resulting rise in labor supply would likely reduce wage increases.

The US Bureau of Labor Statistics reported on March 10 that inflation-adjusted average hourly wages for all employees fell 0.8 percent from January to February, seasonally adjusted. Inflation-adjusted average hourly wages are down 2.6 percent from a year ago.

According to a consumer sentiment poll conducted by the University of Michigan, 32% of Americans expect their financial situation to worsen in 2022, owing to inflation. Only 16% of Americans believe Biden’s proposals would solve the country’s economic woes.

“This will make battling inflation more difficult because so much of inflation is based on psychology and expectations,” according to Breitbart News.

Inflation has thrown Biden’s political world into disarray. NBC News polling on Sunday found that 71 percent of Americans believe Biden’s America is moving in the wrong way, even though he had mostly positive polling when he first took office. Only 22% believe the country is moving in the right way.

Additionally, according to a recent Associated Press-NORC poll, approximately seven out of ten Americans believe Biden’s economy is “in horrible health.”

Biden’s handling of the economy has nearly two-thirds of Americans disapproving, And a majority of Americans believe his policies have harmed rather than benefited the economy.

2 Responses

  1. Biden’s mental health is killing American economy plus mistrust from our Allies. The way he handled the Afghans leaving or not being able to leave when they were promised safety out of the country. It was disgusting. Also we need the WALL to be finished & reinforced by us. We can’t take in all the refugees of the world. Leaders of these countries need to be replaced by leaders that lead their people into Freedoms. Plus how DARE us to not be full supportive of Israel. We’re going to lose FAITH with Allies. Let’s FACE IT, we need to STOP RUSSIA. They will continue to invade countries that broke FREE years ago. We know we have to watch these countries (China) North Korea, ETC. what the HELL is the matter with our government trying to sneak another DEAL with IRAN. They r the most EVIL government & we know it, harboring terrorists. WHAT A FARCE, wake our government back into reality.😡😡

  2. The lousy politicians (Both Republicans and Democrats!) have screwed up a somewhat good government and completely trashed any sembalence
    of right and wrong with their Demonic ideas on how to screw the American people. I for one am quite ready for President Putin to Nuke us and set all this crookedness back about 100 years. We won’t be around to see it but Maybe?, just maybe we will have a LITTLE better government or better yet none at all so the rest can all get back on their feet. What a shitty country America has turned into in these last few months. The people behind the One World Order (with them pulling the strings on Everything) will turn this country into another third world shit hole just like they want! But you won’t have to worry because the people here are gutless and most won’t even stick up for liberty or freedom but just go willingly to their concentration camps for you scum! Some won’t but at least they will die trying to perserve their way of life before you power hungry people got in a position to ruin America. Sure is a sorry state of affairs.

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