For the first time in 13 years, Joe Biden broke another record by increasing the poverty rate in America to 12.4%.
This represents an increase from 7.8%, according to the U.S. Census Bureau.
The real median household income decreased by 2.3% to $74,580 in 2022, and year-over-year inflation rose by 7.8%. (Trending: Climate Hoax, Scientist Admits To Lying)
Despite the Biden administration’s claims that their policies are working and their spending plans have helped the American economy, prices have increased more than 17% since Biden took office.
US Census data just released:
Incomes: US incomes have fallen every year of the Biden Presidency thus far.
Median incomes: The median income last year fell to $74,580. 90th percentile fell to $216,000, and the bottom 10th was $17,100.
Poverty rate – the supplemental poverty… pic.twitter.com/HkpxzpiAka
— Chamath Palihapitiya (@chamath) September 14, 2023
Inflation continues to rise, and this is affecting ordinary Americans and small businesses. Job Creators Network President and CEO Alfredo Ortiz stated that this accelerating inflation is nearly twice the Federal Reserve’s target rate, and it is lowering real wages and living standards for two and a half years.
Job Creators Network President and CEO Alfredo Ortiz said, “This accelerating inflation, which is nearly twice the Federal Reserve’s target rate, is another Bidenomics blow to ordinary Americans and small businesses dealing with rapidly rising prices that are lowering their real wages and living standards for two and a half years.”
Arizonans are suffering at the gas pump.
Bidenomics is a TOTAL disaster.
And there’s ZERO sign of improvement.
It’s time we start electing AMERICA First leaders to Congress, get President Trump back in the White House, and Make America Energy Independent Again. pic.twitter.com/QluqmDfm0j
— Kari Lake (@KariLake) September 19, 2023
David Winston, GOP adviser and President of The Winston Group, said Biden has been “trying to dress up central planning as America First.” (Trending: The Failures of Joe Biden Are In Full Bloom)
The Biden administration’s attempts to sell their economic agenda using catchy phrases, such as BABA, have failed to impress the American people.
Many Americans are struggling as the cost of living has significantly increased over the past four years, leaving them in a more difficult financial situation than before.
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