"Inflation Trends: Mixed Signals for Americans and Biden"
TL;DR Summary
Under President Biden, inflation has surged to 19.5%, significantly impacting Americans' finances. The Federal Reserve's money printing to fund increased federal spending has devalued the dollar, leading to higher prices and reduced real wages. Many Americans now rely on second jobs to cover essential expenses, and credit card debt has reached record highs. Housing affordability has plummeted due to rising home prices and mortgage rates. Despite some signs of improvement, inflation remains a major concern, with persistent high prices affecting everyday living costs.
- Americans Feel The Heat As Bidenflation Climbs Toward 20% tippinsights
- Americans can expect ‘lower prices not just less inflation’: Top WH economic adviser MSNBC
- High inflation is largely not Biden's or Trump's fault, economists say CNBC
- Inflation Cools in Swing States Crucial for US Presidential Vote Bloomberg
- Biden’s Mixed Performance, and U.S. Inflation Cools The New York Times
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