Just 26 percent of Americans say “Bidenomics” has been good for the country — so, naturally, Biden will make another feeble attempt at selling the failed economic agenda later today.
Americans continue to see increasingly dire economic indicators that show Biden’s abject failure to deliver:
- The average 30-year fixed mortgage rate eclipsed eight percent for the first time since 2000.
- Americans need to earn a record $114,627/year to afford a median-priced home in the U.S.
- “A homebuyer’s dollar goes about half as far as it did at the end of 2020,” according to NBC.
- “Homeownership has seemingly never been harder,” writes Axios.
- Rent affordability in the U.S. has dropped to its lowest level in decades, especially for “low- to moderate-income households.”
- The typical American household is spending about $730/month more than one year ago.
- Health insurance premiums for employer-sponsored coverage have jumped seven percent in the last year alone.
- The average monthly payment on a new vehicle has reached a record high.
- The nationwide average for regular gas has been above $3/gallon for 890+ days.
- Paying bills and saving for emergencies has replaced saving for retirement as the top concern for workers between the ages of 21 and 64.
- Wage growth is stagnant as real wages remain much lower than when Biden took office.
- Under Biden, Americans have seen a 3.2 percent pay cut while prices have risen by 17.7 percent.
Telling Americans how they feel is wrong seems like an odd way to win support, but that hasn’t stopped Biden before.
Meanwhile, nearly three-quarters of voters across seven key swing states say the economy is on the wrong track, while just 35 percent of those voters trust Biden on the economy.
“Bidenomics” is not working — not even a little bit.
