As most Americans already know, ‘inflation’ is basically prices going up, and the buying power of your dollar going down.
It goes without saying that most political junkies are already aware that the latest inflation numbers haven’t been this bad since 1982, as reported by USInflationCalculator.com. Going into Biden’s second year, a wallet-busting 7.5 percent.
But amazingly enough (sarcasm, off), the Establishment Media has given this news rather short shrift. After all, the average American is in reality 7.5 percent poorer.
A couple of things I’d like everyone to give a few moments of consideration — instead of thinking about how much of a financial hit a -7.5 percent has on the average American, let’s look at how this affects incomes.
Granted, living in Salkehatchie, SC is a damn sight cheaper than living in San Francisco, but it’s understood that I’m speaking in generalities.
With that aside, imagine a couple pulling in a cool $1 million a year. After inflation, their real dollars are at $925,000. In all honesty, they barely feel the burn of the Biden economy.
Now let’s see what type of impact this has on a couple making $40,000 a year. After inflation, their combined income is $3,000 less.
Even though the likes of CNN, The Washington Post and MSNBC won’t say it, I will.
To the working poor, the Biden Economy is little more than a kick in the teeth.