$11,434 – $14,000 Extra Needed Per Year
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A November report from the U.S. Congress Joint Economic Committee (JEC) State Inflation Tracker found that Americans need an additional $11,434 to $14,000 per year to survive the Biden Administration’s economy.
This huge amount of money is needed to ensure that you and your family can live the same way you did in January 2021. Using data from the Consumer Price Index and Consumer Expenditure Survey, Republicans found almost all Americans are struggling to keep up with soaring costs of living.
“Middle- and low-income Americans aren’t doing well enough — they are living fragilely on the edge,” chairman of the Ludwig Institute for Shared Economic Prosperity, Gene Ludwig, told CBN News. “Food costs and basic costs are up more than other costs. Putting on a Thanksgiving dinner costs the same if you’re a lower- or upper-income American, but for a lower-income American it’s a bigger portion of your spending.” (LEARN MORE: Taking Back Control: Your Guide to Navigating Rising Car Insurance Premiums)
What Is The Solution?
“”Unfortunately, inflation is settling at 3 percent. It has been trending down, but if you look at the monthly increases over the last year, what you find is that 3 percent has essentially become the new baseline. In other words, there’s no sign that we’re going any lower from here on out,” the Heritage Foundation’s E.J. Antoni noted.
While the Biden Administration claims that they’ve added countless jobs, they haven’t. All President Joe Biden’s economic policies have done is force most Americans to seek second jobs and other forms of employment. (LEARN MORE: Biden’s Economy Brings Misery To Men)
What Are Your Local Politicians Doing To Stop This Crisis?
Do you know what your elected officials are doing to fight back against Biden’s economic calamity? It should be top of their agenda, along with national security and protecting your rights. But more often than not, your elected officials need to be reminded who they work for — you.
Remind them today by signing up for www.millionvoices.org (text MV to 80550) and share this article with your friends and family so they can stay informed on how to save our nation.
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