IPFS News Link • Inflation
BIDEN ECONOMY: Average American Needs Annual Wage Increase of $11,500 to Keep Up w/ Biden Inflation
• The Gateway PunditThe Conservative Treehouse posted:
Street, it is refreshing to see analysis that cuts to the heart of the matter. HatTip to ZeroHedge who provides a link to a great article outlining reality for blue and white-collar working families.
The folks at NerdWallet have taken the inflation date from the Bureau of Labor and Statistics (BLS) and applied the math to real life. The result is a good encapsulation of checkbook economics and how the Biden economy is painful for the working class.
In total, Joe Biden's energy policy driven inflation has added $961/month to preexisting expenses. That's $11,532 a year just to retain the status quo standard of living.