May 26, 2023 | Research
Economy

A More Expensive Memorial Day Thanks To Biden

Research

Bidenflation Grills Americans’ Wallets This Memorial Day Weekend


MEMORIAL DAY WILL COST AMERICANS MORE

  • Heading into Memorial Day weekend, Americans will be forced to spend significantly more on their barbeques, shopping, and travel plans thanks to Bidenflation.
  • Memorial Day cookouts will cost more under Biden, with hot dogs up 2 percent, rolls up 13 percent, condiments up 13 percent, and beer up 6 percent.
  • Holiday weekend travel will also squeeze American wallets, with airfares nearly 10 percent higher than pre-pandemic prices and hotels up 3.5 percent from last year and 15 percent since 2019.  
  • It’s not just airfare, as U.S. average gas prices currently sit at $3.57 per gallonwhich is more than $1.00 higher than when Biden became president.

VACATION INFLATION

  • It’s not just Memorial Day – higher prices are impacting Americans’ vacation plans in general.
  • 80 percent of Americans say they are changing their summer travel plans because of Bidenflation.
    • Of the more than one-third of Americans who say they are not taking a summer vacation, 58% said that this is the case because they can’t afford to, up from 48 percent last year.
    • Many Americans are choosing to stay closer to home or drive instead of fly in order to cut costs.
  • International airfares are predicted to reach their highest levels in five years this summer.

BIDENFLATION IS CRUSHING AMERICANS

  • Biden and Democrats' failed policies are squeezing Americans' wallets and robbing them of their hard-earned money.
  • April's Consumer Price Index soared by 9 percentcompared to last year, remaining excessively high and well above the Fed's average target of 2 percent.

DEMOCRATS' RESPONSE TO THE CRISIS THEY CREATED: MORE INFLATIONARY SPENDING