biden Economy
Oct 11, 2021 09:10:40 #
One of Biden's favorite financial outlets reveals the real cost of inflation to average American families as food and energy prices soar
Inflation in the United States hit a 30-year high in August, according to the Department of Commerce. Higher costs of goods is one of several reasons why President Joe Biden has seen his approval rating plummet to the lowest of his presidency — despite the White House blaming alarmingly low poll numbers on unv******ted Americans.
Now, one of Biden's favorite financial outlets revealed the real cost of inflation to average American families.
Biden has cited financial analyst publication Moody's on multiple occasions, including using data from Moody's Analytics in April to argue for his infrastructure plan, during his town hall in July, and during an Oct. 5 infrastructure speech.
However, the financial outlet recently exposed how Americans are paying as much as $2,100 more per year for necessities during Biden's time in the White House.
"For households earning the U.S. median annual income of about $70,000, the current inflation rate has forced them to spend another $175 a month on food, fuel, and housing," chief economist at Moody's Analytics Mark Zandi told the New York Post.
https://www.theblaze.com/news/biden-inflation-costs-food-energy?utm_source=theblaze-dailyAM&utm_medium=email&utm_campaign=Daily-Newsletter__AM%202021-10-11&utm_term=ACTIVE%20LIST%20-%20TheBlaze%20Daily%20AM
Inflation in the United States hit a 30-year high in August, according to the Department of Commerce. Higher costs of goods is one of several reasons why President Joe Biden has seen his approval rating plummet to the lowest of his presidency — despite the White House blaming alarmingly low poll numbers on unv******ted Americans.
Now, one of Biden's favorite financial outlets revealed the real cost of inflation to average American families.
Biden has cited financial analyst publication Moody's on multiple occasions, including using data from Moody's Analytics in April to argue for his infrastructure plan, during his town hall in July, and during an Oct. 5 infrastructure speech.
However, the financial outlet recently exposed how Americans are paying as much as $2,100 more per year for necessities during Biden's time in the White House.
"For households earning the U.S. median annual income of about $70,000, the current inflation rate has forced them to spend another $175 a month on food, fuel, and housing," chief economist at Moody's Analytics Mark Zandi told the New York Post.
https://www.theblaze.com/news/biden-inflation-costs-food-energy?utm_source=theblaze-dailyAM&utm_medium=email&utm_campaign=Daily-Newsletter__AM%202021-10-11&utm_term=ACTIVE%20LIST%20-%20TheBlaze%20Daily%20AM
If you want to reply, then register here. Registration is free and your account is created instantly, so you can post right away.