Biden's Economy Leaves Americans Poorer as Rampant Inflation Erodes Paychecks and Savings
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Millions of Americans have received a pay cut over the past two years due to high inflation. Average hourly earnings have declined 3.32% since Biden took office.
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Inflation has created severe financial pressures for U.S. households, who are paying more for necessities like food and rent. The burden falls most on low-income Americans.
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50% of Americans say their financial situation has worsened since the 2020 election. 45% of those blame Biden's economic policies.
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While inflation has fallen from mid-2022 highs, prices remain far higher than pre-pandemic levels. Families have yet to see material relief.
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High prices are forcing Americans to spend $709 more per month than two years ago. Many are burning through savings and relying on credit cards.