{"id":1701932,"date":"2022-10-19T06:06:02","date_gmt":"2022-10-19T10:06:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1701932"},"modified":"2022-10-19T07:04:44","modified_gmt":"2022-10-19T11:04:44","slug":"average-americans-retirement-plan-has-lost-34000-under-biden","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/average-americans-retirement-plan-has-lost-34000-under-biden\/","title":{"rendered":"Average American&#8217;s Retirement Plan Has Lost $34,000 Under Biden"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Faverage-americans-retirement-plan-has-lost-34000-under-biden%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1701932&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A new analysis by conservative economists shows the average American has lost $34,000 from their retirement savings plan since President Joe Biden took office.<\/p>\n<p>The news comes as Biden spent time at an ice cream shop over the weekend, munching on a chocolate chip waffle cone and telling reporters that the economy \u201cis strong as hell.\u201d<\/p>\n<p>Economists Stephen Moore and EJ Antoni published their report in <a href=\"https:\/\/nypost.com\/2022\/10\/16\/average-american-is-losing-34k-and-everything-else-on-bidens-watch\/\" target=\"_blank\" rel=\"noopener\">the New York Post<\/a>, warning readers that a peek into their 401(k) plans \u201cwill ruin your whole day, week and month.\u201d<\/p>\n<p>Their analysis shows the average retirement plan is down about $34,000, which they note is \u201cmore than 25% in less than one year!\u201d<\/p>\n<p>Worse, the purchasing power of those plans has decreased significantly, down another $5,000, due to inflation.<\/p>\n<p dir=\"ltr\" lang=\"en\">Today\u2019s cover: Average American is losing $34K and everything else on Biden\u2019s watch <a href=\"https:\/\/t.co\/zooGu77M2N\">https:\/\/t.co\/zooGu77M2N<\/a> <a href=\"https:\/\/t.co\/XacZTpypws\">pic.twitter.com\/XacZTpypws<\/a><\/p>\n<p>\u2014 New York Post (@nypost) <a href=\"https:\/\/twitter.com\/nypost\/status\/1581983064963821568?ref_src=twsrc%5Etfw\">October 17, 2022<\/a><\/p>\n<p><strong>RELATED: <a href=\"https:\/\/thepoliticalinsider.com\/report-americans-retirement-accounts-have-lost-trillions-trillions-in-2022\/\" target=\"_blank\" rel=\"noopener\">Report: Americans\u2019 Retirement Accounts Have Lost Trillions \u2013 TRILLIONS \u2013 In 2022<\/a><\/strong><\/p>\n<p> <strong>Under Biden Your Retirement Plan is Lost<\/strong> <\/p>\n<p>Moore and Antoni argue that under President Biden, lost finances in retirement plans are hurting the little people the most.<\/p>\n<\/p>\n<p>Support Conservative Voices! <strong>Sign up to receive the latest<\/strong> political news, insight, and commentary delivered directly to your inbox.  <\/p>\n<p>\u201cA year ago, the White House insultingly tweeted out that inflation is merely \u2018a high-class problem,&#8217;\u201d they write. \u201cWrong.\u201d<\/p>\n<p>\u201cThe victims of ever-higher prices at the store and the gas pump are not the millionaires, but the little guys \u2014 and, in particular, older Americans \u2014 whose paychecks and savings accounts get walloped,\u201d they add.\u00a0<\/p>\n<p>To that point, they estimate retirement plans in all have lost $2.1 trillion \u2013 that\u2019s trillion with a \u2018t\u2019 \u2013 while monthly savings have \u201ccollapsed\u201d by 83%.<\/p>\n<p dir=\"ltr\" lang=\"en\">Joe Biden\u2019s big-government inflation is costing families thousands of dollars each year. And in Kansas, Laura Kelly keeps piling on more by:<a href=\"https:\/\/t.co\/Pnjloew9IW\">https:\/\/t.co\/Pnjloew9IW<\/a><\/p>\n<p>\u2014 Derek Schmidt (@DerekSchmidtKS) <a href=\"https:\/\/twitter.com\/DerekSchmidtKS\/status\/1581980122122399744?ref_src=twsrc%5Etfw\">October 17, 2022<\/a><\/p>\n<p>In summary, the economists state Biden\u2019s inflationary disaster decimating your retirement plan \u2013 now over 8% for seven straight months after they told Americans it was \u201ctransitory\u201d \u2013\u00a0 is comparable to theft.<\/p>\n<p>\u201cIt\u2019s not exactly the same as a bank robber with a gun stealing a quarter of the money in your bank account,\u201d they surmise. \u201cBut at the end of the day, Bidenflation has had the exact same unhappy result.\u201d<\/p>\n<p dir=\"ltr\" lang=\"en\">This is what happens when you put someone incompetent in charge. <a href=\"https:\/\/t.co\/evJHnj6jAv\">https:\/\/t.co\/evJHnj6jAv<\/a> via <a href=\"https:\/\/twitter.com\/nypost?ref_src=twsrc%5Etfw\">@nypost<\/a><\/p>\n<p>\u2014 Mr Bill (@MrBill_Runner) <a href=\"https:\/\/twitter.com\/MrBill_Runner\/status\/1581988016532299777?ref_src=twsrc%5Etfw\">October 17, 2022<\/a><\/p>\n<p><strong>RELATED:\u00a0<a href=\"https:\/\/thepoliticalinsider.com\/is-trump-a-modern-day-nostradamus-watch-his-prediction-of-what-would-happen-if-biden-won\/\" target=\"_blank\" rel=\"noopener\">Is Trump A Modern Day Nostradamus? Watch His Prediction Of What Would Happen If Biden Won<\/a><\/strong><\/p>\n<p> <strong>Is Biden Worried? Nah<\/strong> <\/p>\n<p>President Biden, also over the weekend, dipped into a Baskin Robbins in Oregon and talked about the booming economy with reporters.<\/p>\n<p>\u201cI\u2019m not concerned about the strength of the dollar, I\u2019m concerned about the rest of the world,\u201d he said.<\/p>\n<p>Of course, as an America last globalist, why wouldn\u2019t he be?<\/p>\n<p>\u201cOur economy is strong as hell,\u201d Biden added, his brain seemingly frozen<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new analysis by conservative economists shows the average American has lost $34,000 from their retirement savings plan since President Joe Biden took office. The news comes as Biden spent time at an ice cream shop over the weekend, munching on a chocolate chip waffle cone and telling reporters that the economy \u201cis strong as &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1898154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1701932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1701932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1701932"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1701932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1898154"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1701932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1701932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1701932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}