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Prices Are Up And Biden Is To Blame
Day-to-day life has grown increasingly more expensive under Joe Biden, and families are fed up. As Americans struggle to pay their debts, save for retirement, or afford rent because of Bidenomics, they know help is on the way when President Trump returns to the White House.
What you need to know:
- Everything costs more thanks to Bidenomics.
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February’s Consumer Price Index increased 3.2% compared to last year – twice the rate compared to when Biden took office and higher than expected.
- Grocery prices are up 21.2%;
- Eating out is up 21%;
- Baby food is 29.6%;
- Pet food is up 22.7%;
- Rent is up 20%;
- Electricity is up 28.4%;
- Natural gas is up 30%;
- Apparel is up 12%;
- Used cars are up 20.3%;
- Air fare is up 31.4%;
- Public transportation is up 20.8%.
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Prices have risen by 18.6% since Biden took office – with Americans still reeling from its lasting effects.
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On a year-over-year basis, inflation under Biden has averaged 5.6% – more than double the level of inflation seen under any of the last four presidents.
- Americans’ finances are being decimated.
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78% of Americans report having to live paycheck to paycheck in 2023, up 6% from the previous year.
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The personal savings rate was 3.8% in January, well below a decades long average of roughly 8.9%.
- Americans are not happy with Biden’s economy.
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61% of Americans disapprove of the way Biden is handling inflation.
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60% of Americans believe the economy is on the wrong track.
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58% of Americans think the economy is weak.
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54% of Americans say their current personal economic situation is underwater.
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65% of Americans remember the economy under Trump as being good, compared with 38 percent under Biden.
The bottom line:
Basic necessities like food and energy costs continue to rise thanks to Joe Biden. Americans know they were better off under President Trump and they will be once again.
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