Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

BIDEN ECONOMY: Americans See Most Severe Pay Cut in 25 Years Under Biden

by October 10, 2022
October 10, 2022
BIDEN ECONOMY: Americans See Most Severe Pay Cut in 25 Years Under Biden

Americans are seeing the worst pay cut in 25 years under Biden.

The New York Post reported on real wage destruction under Biden:

Americans battered by soaring inflation since President Biden took office have effectively suffered the steepest pay cut in a quarter-century, according to data released by the Federal Reserve.

Researchers for the Federal Reserve Bank of Dallas published new findings that calculated “real wages” — the effective income of workers when adjusted for inflation.

“We find that a majority of employed workers’ real (inflation-adjusted) wages have failed to keep up with inflation in the past year,” the researchers said. “For these workers, the median decline in real wages is a little more than 8.5%.”

“Taken together, these outcomes appear to be the most severe faced by employed workers over the past 25 years,” the researchers added.

Higher inflation can quickly erode the purchasing power of Americans if wage growth doesn’t match the increases. That means households face a difficult financial crunch when attempting to pay for daily necessities such as food, rent and gas.

This is consistent with what was reported in September where the average American needed an annual wage increase of $11,500 to keep up with Biden’s inflation.

BIDEN ECONOMY: Average American Needs Annual Wage Increase of $11,500 to Keep Up with Biden Inflation

The numbers are not fantasy or make-believe.  Ask any American how much it costs to dine out.

[Last week I purchased two coffees and breakfast sandwiches at a restaurant for $29.  The price of these might have been half that amount a year ago.]

Young parents are seeing inflation affect their family finances in food and gas.

The Biden economy is so bad that it appears to be this messed up on purpose.  Prices of goods and services are way up.

Inflation is killing family finances.

The stock market is way down.  Bonds are worse.  

Biden’s economy is a mess and getting worse.

The post BIDEN ECONOMY: Americans See Most Severe Pay Cut in 25 Years Under Biden appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
Grant Stinchfield Launches New Podcast – First Episode Reveals Why Newsmax Cancelled his Primetime Show and How The FBI May be Spying on the Trump Team
next post
Biden Admin Admits that EV Manufacturing May Benefit from Exploiting Children

You may also like

Democrat support critical for Johnson’s plan to avoid...

November 14, 2023

BIG TELL: Obama Snubs Desperate Democrats and Refuses...

October 10, 2022

Tulsi Gabbard explains why she won’t call Edward...

February 4, 2025

US and Iran clash over uranium enrichment as...

May 23, 2025

WATCH LIVE: Ben Bergquam Reports On Arizona First...

November 5, 2022

CALEXIT: What pushed one of California’s biggest counties...

December 22, 2022

It’s Time to Give President Trump Credit for...

December 6, 2022

EXCLUSIVE: The Story About Pelosi’s Alarm and the...

November 3, 2022

Nikki Haley silent on Trump’s NYC conviction as...

May 31, 2024

Biden left Trump ‘inspirational’ message in ‘very nice’...

January 22, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Wimbledon winners face £1m UK tax bills despite non-resident status

      July 15, 2025
    • ‘Game changer’: Bipartisan senators gunning for Russia sanctions ready to give Trump runway

      July 15, 2025
    • Constitutional scholar uses Biden autopen to flip Dems’ ‘democracy’ script against them: ‘Scandal’

      July 15, 2025
    • The Radiology Group Atlanta: Helping Small Hospitals Stay Open with Smart Imaging Support

      July 15, 2025
    • Senate GOP braces for test vote on Trump’s $9.4B clawback package

      July 15, 2025
    • Anthony Bernal: Who is Jill Biden’s top aide ordered to testify about alleged cover-up?

      July 15, 2025

    Categories

    • Business (8,485)
    • Investing (2,121)
    • Politics (16,047)
    • Stocks (3,209)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved