BIDENOMICS is real! It’s like three, four, jobs for many mid class Americans, and everything is on the brink of taking a massive tank, everything!

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I have a hard time at the grocery. Everything is so freaking high and it’s getting higher all the time. My favorite brand of bacon went up a dollar a pound. Bread and baked goods are high too. I can bake bread, but the price of flour is going up as well.
And don’t even get me started about gas prices.

Biden’s America: Majority Living Paycheck to Paycheck, Even Six-Figure Earners Overwhelmed

A new report said a majority of Americans are just squeaking by as a mountain of debt grows taller and taller.

As of July, 61 percent of adults in a LendingClub survey said they were living paycheck to paycheck, according to CNBC.

The study found that 78 percent of consumers who earn under $50,000 a year and 65 percent of those who make between $50,000 and $100,000 annually were living paycheck to paycheck in July.

Forty-four percent of those earning more than $100,000 a year were living check to check, the study said.

Growing Majority of Americans Living Paycheck to Paycheck Even as Biden Boasts Success of ‘Bidenomics’.

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More people are working multiple jobs as Americans battle inflation and layoff anxiety

BIDENOMICS!  Credit card and car loan defaults hit 10-year high as inflation squeezes families.

Inflation-squeezed Americans are defaulting on their credit cards and auto loans at levels not seen since the financial crisis – and the struggle to pay their bills is poised to get worse as interest rates rise and the moratorium on student loans expires.

Low- and middle-income earners have been especially hit hard by soaring prices on everything from rent, groceries, and new and used cars despite the Federal Reserve’s attempts to tamp down stubbornly-high inflation.

This year, credit card delinquencies have hit 3.8%, while 3.6% have defaulted on their car loans, according to credit agency Equifax.

Both figures are the highest in more than 10 years.

“The increase in delinquencies and defaults is symptomatic of the tough decisions that these households are having to make right now — whether to pay their credit card bills, their rent or buy groceries,” Mark Zandi, chief economist at Moody’s Analytics, told the Washington Post.

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“Strong” economic growth. LOL

h/t KyPerson

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