Thanks Pedo-Joe!
LINK: It should come as no surprise
EXCERPT: Given high inflation and declining real wage rates, "the Bureau of Economic Analysis recently revised its previous estimates to show household disposable income was lower and personal consumption was higher than previously reported."
American families have lost $7,000 in spending power during Pedo-Joe’s presidency. Given that the average American family earns $71,000 per year, this is a significant loss. Perhaps this is why so-called experts are forecasting a sluggish holiday season, per CNBC. People simply do not have the money to spend on holiday gifts.
More significantly, people are having to dig into their savings and their retirement funds to pay for basics. Nearly 33% of Americans have less than $100 in their savings accounts. Only 40% of Americans can pay for a $1,000 emergency expense. Emergency 401K withdrawals are up 27% this year.
LINK: It should come as no surprise
EXCERPT: Given high inflation and declining real wage rates, "the Bureau of Economic Analysis recently revised its previous estimates to show household disposable income was lower and personal consumption was higher than previously reported."
American families have lost $7,000 in spending power during Pedo-Joe’s presidency. Given that the average American family earns $71,000 per year, this is a significant loss. Perhaps this is why so-called experts are forecasting a sluggish holiday season, per CNBC. People simply do not have the money to spend on holiday gifts.
More significantly, people are having to dig into their savings and their retirement funds to pay for basics. Nearly 33% of Americans have less than $100 in their savings accounts. Only 40% of Americans can pay for a $1,000 emergency expense. Emergency 401K withdrawals are up 27% this year.