(Official White House Photo by Adam Schultz)
A new survey from Bank rate reveals the sad truth about how Americans are drowning in Joe Biden’s economy.
According to the survey, Americans believe they need to earn at least $186,000 a year to feel secure in an economy plagued by high interest rates, low homeownership, rising rent and housing costs, and rising consumer costs such as food and gasoline.
Unfortunately, for the vast majority of the population, only 6% of American adults actually reach this threshold.
Federal facts shows that the median household income is between $51,500 and $86,000, less than half of what respondents say is needed to feel safe.
And according to a previous Bank interest According to opinion polls, Americans do not want to live lavishly. They simply hope to live comfortably and not be burdened by financial worries.
While Americans suffer, the Biden administration continues its relentless efforts to educate Americans on how its disastrous police actions are ruining the country and putting the American Dream out of reach for the majority of people.
Biden and his mouthpieces continue to lie and say inflation was 9% when he took office in January 2021.
In January 2021 this was 1.4%.
Biden’s lie was so blatant that even the Washington Post gave him four Pinocchios.
A recent research paper by four well-known economists, including Larry Summers, the former Treasury Secretary under Barack Obama and former president of Harvard, found that the real inflation rate during the Biden years, based on pre-1983 calculations, reached 18% in 2022 .
The figure is the highest inflation rate the country has seen in more than 50 years.
Man presses a button to reorder the groceries he bought in 2022. Guess how much that costs in Biden’s economy today. pic.twitter.com/A7IpbSnFEe
— Catch Up (@CatchUpFeed) June 27, 2024
In the first quarter of 2024, GDP fell faster than expected. Real GDP rose 1.6%, following a 3.7% increase in the fourth quarter of 2023 on a government spending basis.
Meanwhile, inflation rose to 3.7% in the first quarter, putting pressure on consumers already trapped in the Biden economy.
A recent survey found that half of renters in America cannot afford housing.
Although the survey data dates back to 2022, not much has changed since then in terms of the economy or the amount of housing available.
From CBS News:
Many inflation-weary consumers continue to experience financial stress now that a new Federal Reserve Bank of Philadelphia has been created questionnaire The conclusion is that 35% of Americans are worried about making ends meet, compared to 29% a year earlier.
That gap between what the average American earns and what he or she wants to earn means that “Americans have their eyes on this high income, and they think they should earn more money, even when they know it’s unrealistic for them to earn that amount.” will never earn.” Sarah Foster, an analyst at Bankrate, told CBS MoneyWatch.
During speeches in Australia, Tucker Carlson made a terrifying and heartbreaking observation about the impact of the economy on our society and on the next generation.
“The birth rate tells the whole story… they are not at the replacement rate. And the American population is growing because we import people from other countries.”
“And my opinion is that happy people have children. And a functioning economy allows them to do that. And we don’t have that. And so you have to fix the economy and the culture, and ensure that people who want to have children can do so.”
“You don’t go for the quick solution of importing new people. That is my position.”
“Americans don’t have children because they can’t afford it. And no one in charge cares.
Watch:
Tucker utterly stumps reporter by simply asking for a quote pic.twitter.com/DwgKMgMTfB
— Daily Caller (@DailyCaller) June 26, 2024