Soaring inflation, reaching 5% annually, has driven prices up by 17% since President Joe Biden took office, resulting in an average American family’s wealth diminishing by $7,300

New inflation numbers are running hot, at 5% on an annual basis. That means prices are up 17% since Joe Biden was installed, making the average American family $7,300 poorer. And analysts are predicting high inflation for years to come. Toss in Biden's green agenda and… https://t.co/qXMifIUTYb — FXHedge (@Fxhedgers) October 20, 2023 $XAU Gold …

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American average credit card balance is $7,300, median household savings $5,300, and delinquency rates rise 6 consecutive quarters. We are “fighting” inflation with credit cards.

For the first time in history, total credit card debt is about to cross $1 trillion. Since Q4 2020, total credit card debt is up over $200 billion. Americans currently hold a record $986 billion in credit card debt. 2/7 pic.twitter.com/L2cfwDWWEY — The Kobeissi Letter (@KobeissiLetter) August 1, 2023 According to a survey conducted in …

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