The newly released November jobs report – the worst jobs report of the year – shows Americans keep getting a massive pay cut because of Bidenflation. Nominally, wages grew at 5.1%, BUT the Consumer Price Index has been at or above 5.4% for 17 straight months. The result…real wages have fallen at the fastest pace in 40 years under Joe Biden.
In fact, Americans are POORER today than when Biden took office. One striking figure showing how Bidenflation has hit Americans’ wallets is the savings rate, which is now at a 17-year low.
To borrow from Biden’s favorite saying, Biden’s economy is hollowing out the middle class and leaving the bottom behind.
