August 15, 2022 | Research
Economy

Biden Hurts The Most Vulnerable

Research

Under Biden, Low-Income Americans Face Rising Rents, Surging Food Prices, And Overrun Homeless Shelters


BIDEN’S AMERICA: GROWING HOMELESSNESS, SURGING FOOD PRICES, AND CROWDED SHELTERS

AMERICANS ARE STRUGGLING TO KEEP A ROOF OVER THEIR HEAD

  • Biden’s price hike is making it harder for millions of Americans to afford rent, putting many families at greater risk of becoming homeless.
  • Nationwide, rents jumped 6.3 percent in July compared to last year, rising at their fastest pace since 1986 and putting housing “out of reach for more Americans.”
  • Median national rent reached a new record high in June of nearly $1,900, up 14 percent or $232 since last year according to Realtor.com.
    • A $100 increase in median rent corresponds to a 9 percent increase in the estimated homelessness rate according to the Government Accountability Office.
    • In June, 13.7 million Americans reported having fallen behind on their rent or mortgage payments – a 7 percent increase since April.
    • 4.6 million Americans said they were “very” or “somewhat” likely to face eviction or foreclosure in the next two months, marking an astonishing 32 percent increase since April.
  • Thanks to Biden’s price hike, more Americans are struggling to keep a roof over their head.
    • Jeannie Jansen of Wyoming, New York, who received a foreclosure notice in early July: “I busted my butt for years to have what we have. I went without heat this winter. I’ve gone without everything. And it’s still not enough because prices are so high.”
    • Venus Lopez of Tucson, Arizona: “With prices of everything going up, it’s becoming a challenge to even maintain what we have. Finding an affordable apartment keeps getting more unrealistic.”

GROCERY BILLS ARE SKYROCKETING BECAUSE OF BIDENFLATION

  • Bidenflation is causing grocery bills to skyrocket, forcing many Americans to either resort to store brands, cut back on essentials, or do without certain types of food altogether.
  • Because of these rising prices, more Americans are turning to food banks and government assistance to feed their families:
    • Food banks across the country are facing a “drumbeat of increasing demand, month over month” according to Katie Fitzgerald, president of Feeding America.
    • In Arizona, St. Mary’s Food Bank recently served 78 percent more families in one week compared to the same week last year.
    • Nikki Jones of Monrovia, Maryland: “I definitely don’t want to be spending $1,600 a month on groceries.”
    • Susan Pynchon of Colville, Washington: “Groceries are going up a heck of a lot faster than [my cost-of-living adjustment].”
  • The Biden administration is threatening to make matters worse for low-income children by withholding funding for the federal school lunch program from schools unless they comply with the left’s definition of “gender-identity.”

HOMELESS SHELTERS ARE BECOMING OVERWHELMED

  • With rising rents pushing low-income Americans out of their homes, homeless shelters are struggling to meet the demand for emergency housing, forcing some shelters to place at-risk families on waitlists.
  • Staff at homeless shelters in at least 15 states report “dramatic increase[s]” in the number of Americans seeking assistance this year.
    • Waitlists at some shelters have “doubled or tripled” in only a matter of months.
    • Many shelters are even offering services for people who have “steady, even good-paying” jobs but cannot afford the rising cost of living thanks to Bidenflation.
  • Biden’s border crisis is also worsening the homeless crisis.
  • Gary Leigh, founder of a homeless shelter in Shelby, North Carolina: “We opened in December (2021). Since then, we have been at capacity pretty much the whole time.”

BIDEN’S PRICE HIKE IS CRUSHING MINORITIES AND THE ELDERLY

  • As prices continue to climb, Bidenflation is having a disproportionate impact on the elderly and Black and Hispanic communities.
  • A study from the Richmond Fed found that Black families experience “higher inflation rates” and face 13.5 percent higher inflation volatility compared to white households.
  • Inflation is also crushing older Americans who are on a fixed income.
    • A recent report found that roughly half of older Americans are unable to afford their “essential expenses.”
    • 1.5 million retirees have rejoined the labor market in part because of “rising costs.”

BIDEN’S WAR ON WOMEN: BABY FORMULA AND FEMININE PRODUCT SHORTAGES CONTINUE

BIDEN MOCKS STRUGGLING AMERICANS