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Americans have lost an average of $4,200 in annual income since Biden took office: Study lays bare how gains under Trump have been wiped out - while crippling inflation has sent prices surging
UK Daily Mail ^ | September 23 2022 | MORGAN PHILLIPS

Posted on 09/23/2022 11:56:50 AM PDT by knighthawk

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.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: annualincome; biden; bideninflation; bidenomics; bidensanctions; bidensanctionsonrus; bidenvoters; income; inflation; sanctions; trump; ukraine
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1 posted on 09/23/2022 11:56:50 AM PDT by knighthawk
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To: knighthawk

Iv’e seen this news on CNN already.

(Extreme sarcasm!)


2 posted on 09/23/2022 11:59:14 AM PDT by Dogbert41 (Fill your lamps!)
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To: knighthawk

And, guess what?

Libs....especially crazy lib females....don’t care.

Support from women boosts Biden to another year-high approval rating: poll

https://freerepublic.com/focus/f-news/4095548/posts


3 posted on 09/23/2022 12:01:01 PM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: knighthawk

If, by hook or crook, Biden and the Dems are rewarded in November with retained majorities in congress, then this country is finally and officially toast. If the voters don’t punish the people brought economic ruin upon them, or if they stand by while said people cheat their way to another victory, I’m afraid there’s no hope for this nation.


4 posted on 09/23/2022 12:02:53 PM PDT by irishjuggler
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To: knighthawk

brainwashed liberals will have to be starving in the streets before they see the truth that socialism doesn’t work.


5 posted on 09/23/2022 12:10:07 PM PDT by TexasFreeper2009
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To: knighthawk

Libtards love taking it up the rump and enjoy being ripped off by their crooked leaders


6 posted on 09/23/2022 12:17:23 PM PDT by NWFree (Somebody has to say it 🤪)
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To: knighthawk

But the economy is doing good! There’s no inflation!
At least that’s their story.


7 posted on 09/23/2022 12:21:19 PM PDT by al_c (Democrats: Party over Common Sense)
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To: NWFree

It’s patriotic to them.


8 posted on 09/23/2022 12:21:36 PM PDT by al_c (Democrats: Party over Common Sense)
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To: knighthawk

“This is what a transition looks like.”

- None other than Transportation Secretary Pete Buttplug or whatever his name is.


9 posted on 09/23/2022 12:26:07 PM PDT by OKSooner
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At least there are no more mean tweets


10 posted on 09/23/2022 12:43:34 PM PDT by dsrtsage ( Complexity is just simple lacking imagination)
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To: knighthawk

Brandon is a wealth creation machine.(Sarcasm)


11 posted on 09/23/2022 12:44:02 PM PDT by unclebankster (Globalism is the last refuge of a scoundrel)
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To: Jane Long

Yep. Even if they get carjacked/assaulted by yet another released criminal with a record as long as your arm, they will wonder what they did to deserve it.


12 posted on 09/23/2022 1:02:32 PM PDT by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
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To: knighthawk

Thank you white college educated suburban women for putting Biden into office. The worse is yet to come.


13 posted on 09/23/2022 1:04:29 PM PDT by Chgogal (Welcome to Fuhrer Biden's Weaponized Fascist Banana Republic! It's the road to hell.)
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To: irishjuggler

If the voters don’t punish the people...


It’s not the voters. It’s the vote counters.


14 posted on 09/23/2022 1:04:33 PM PDT by nesnah (Infringe - act so as to limit or undermine [something]; encroach on)
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To: knighthawk

If the GOP was not trying to lose this election, this would make a good ad.


15 posted on 09/23/2022 1:15:27 PM PDT by Moorings
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To: al_c

But the economy is doing good! There’s no inflation!
At least that’s their story.

And no recession!


16 posted on 09/23/2022 1:16:53 PM PDT by Flick Lives (FJB and the corrupt FBI)
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To: knighthawk

Don’t worry. Just by a $80,000 electric vehicle and save that $100 in gas a week. Easy as pie.


17 posted on 09/23/2022 1:21:47 PM PDT by NohSpinZone (First thing we do, let's kill all the lawyers)
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To: knighthawk

Bkmk


18 posted on 09/23/2022 1:40:32 PM PDT by kelly4c
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To: irishjuggler

Article V.

Brandon/Bamster’s people intend to destroy these United States and build “The New Man” on the rubble.

But we’ll just keep voting and pretend it matters.


19 posted on 09/23/2022 1:53:21 PM PDT by Jacquerie (ArticleVBlog.com)
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To: Chgogal

Brandon didn’t get 10 million more votes than Bammy.


20 posted on 09/23/2022 1:55:11 PM PDT by Jacquerie (ArticleVBlog.com)
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