{"id":2021565,"date":"2023-09-04T16:27:01","date_gmt":"2023-09-04T20:27:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/growing-majority-of-americans-living-paycheck-to-paycheck-even-as-biden-boasts-success-of-bidenomics\/"},"modified":"2023-09-04T16:30:46","modified_gmt":"2023-09-04T20:30:46","slug":"growing-majority-of-americans-living-paycheck-to-paycheck-even-as-biden-boasts-success-of-bidenomics","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/growing-majority-of-americans-living-paycheck-to-paycheck-even-as-biden-boasts-success-of-bidenomics\/","title":{"rendered":"More Americans living paycheck to paycheck despite Biden&#8217;s &#8216;Bidenomics&#8217; success."},"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\">20<\/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%2Fgrowing-majority-of-americans-living-paycheck-to-paycheck-even-as-biden-boasts-success-of-bidenomics%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=2021565&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--><div data-post-content=\"true\" class=\"post_content\" id=\"post_content\">\n<h2>President Biden&#8217;s &#8220;Bidenomics&#8221; Policies Face Criticism as Majority of Americans\u2062 Struggle Financially<\/h2>\n<p>In a Labor Day speech, President Joe Biden \u2064highlighted the job creation and economic successes\u2064 of his\u200c &#8220;Bidenomics&#8221; policies. However, recent \u200dsurveys reveal a different story, with a growing \u2062majority of Americans living paycheck to paycheck and believing that the economy \u2062has deteriorated under the president&#8217;s tenure.<\/p>\n<p>Speaking to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/labor-unions-lash-out-over-job-killing-energy-policies\/\" title=\"Labor unions lash out over job killing energy policies\">union workers<\/a> in\u200c Philadelphia, President Biden emphasized the importance of good-paying \u2062jobs that can support families. This comes after the\u200b news that U.S. employers added 187,000 jobs in August.<\/p>\n<blockquote>\n<h3>Related Stories<\/h3>\n<ul>\n<li><a href=\"http:\/\/www.theepochtimes.com\/us\/in-a-tale-of-two-breakfasts-bidenomics-draws-praise-and-reproach-from-state-lawmakers-5471074\">In a Tale\u2064 of \u200cTwo Breakfasts, Bidenomics Draws Praise and Reproach From State Lawmakers<\/a> (8\/16\/2023)<\/li>\n<li><a href=\"http:\/\/www.theepochtimes.com\/us\/biden-continues-to-push-his-bidenomics-agenda-voters-arent-buying-it-5461259\">Biden Continues to Push His &#8216;Bidenomics&#8217; Agenda; Voters Aren&#8217;t Buying It<\/a> (8\/12\/2023)<\/li>\n<\/ul>\n<\/blockquote>\n<p>President Biden also took the \u2064opportunity to promote his Bidenomics plan, claiming \u2062it has created \u206313.5 million new jobs. However, critics argue that this figure is inflated, as a significant portion of those jobs were simply people returning to work after temporary pandemic-related layoffs.<\/p>\n<p>Former President Donald Trump countered President Biden&#8217;s\u2062 claims, stating that during his \u2063first 30 months in\u2064 office, his administration created 4.9 million new jobs compared to Biden&#8217;s 2.1 million. The \u2063Trump campaign clarified that the 2.1 million figure excluded workers returning from pandemic \u2063layoffs.<\/p>\n<p>While President Biden defended his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/supreme-courtroom-pressed-to-use-up-harvard-affirmative-action-case\/\" title=\"Supreme Courtroom Pressed to USE UP Harvard Affirmative Action Case\">economic record<\/a>, Steven Cheung, \u2063a spokesperson for the Trump\u200c presidential campaign, praised President Trump&#8217;s economic achievements,\u2064 including a booming recovery and record low unemployment\u2064 rates \u2062for various demographics.<\/p>\n<h2>Biden&#8217;s Economy Deteriorating, Most Say<\/h2>\n<p>While President Biden\u2063 touted his economic policies, a recent \u2064survey from The Wall Street Journal revealed that a majority (58 percent) of U.S. voters believe the economy has worsened\u200c over the past two years. Additionally, around 75 percent of Americans expressed concerns about inflation, which aligns with \u200b<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/growing-majority-of-americans-living-paycheck-to-paycheck-even-as-biden-boasts-success-of-bidenomics\/\" title=\"More Americans living paycheck to paycheck despite Biden's 'Bidenomics' success.\">government data indicating rising price pressures<\/a>.<\/p>\n<p>Another survey conducted by personal finance site PYMNTS and LendingClub found\u2062 that 61 percent of adults are living paycheck to paycheck as of July. This represents an increase from the previous year. Even higher-earning households are feeling the financial strain, with 44 percent\u2062 of those\u200c earning over\u2063 $100,000 per year reporting living paycheck to paycheck.<\/p>\n<p>Various surveys highlight the impact of high\u2063 prices on Americans&#8217; financial well-being. A Bankrate survey\u2064 revealed that\u200b 72 percent of Americans don&#8217;t feel financially secure, \u200bwith 63 percent attributing their discomfort to high inflation. Another Bankrate survey\u2062 found that 68 percent of Americans are saving less for unexpected situations due to inflation.<\/p>\n<h2>Inflation Forces Typical Household to Spend $709 More per Month<\/h2>\n<p>According to Moody&#8217;s Analytics \u2064chief economist Mark Zandi, the \u200daverage American household is now spending $709 \u200dmore per month compared to two years ago, primarily due to high inflation. \u2063Zandi&#8217;s calculations \u200dwere based \u2064on the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/number-of-migrant-children-in-border-patrol-custody-drops-45-as-biden-admin-transfers-kids-to-hhs\/\" title=\"Number Of Migrant Children In Border Patrol Custody Drops 45% As Biden Admin Transfers Kids To HHS\">latest government data<\/a> on inflation, the\u200c Consumer Price Index (CPI).<\/p>\n<p>It is clear\u200d that despite President Biden&#8217;s claims of \u200beconomic \u200bsuccess, many Americans are\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rugby-rfu-suspends-worcester-from-all-competitions-amid-financial-issues\/\" title=\"Rugby-RFU suspends Worcester from all competitions amid financial issues\">facing financial challenges<\/a> \u2062and believe that \u2062the economy has worsened. \u2063The \u2062impact of inflation on households&#8217; budgets further \u2063exacerbates these concerns.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Labor Day, President Joe Biden highlighted the achievements of his &#8220;Bidenomics&#8221; policies, emphasizing job creation. However, surveys reveal that a majority of Americans struggle to make ends meet, and many believe the economy has worsened during his presidency. Despite this, the president remained optimistic about his economic agenda during his speech.<\/p>\n","protected":false},"author":118,"featured_media":2021566,"comment_status":"open","ping_status":"closed","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":[543],"tags":[],"class_list":["post-2021565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"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\/2021565","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\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2021565"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2021565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2021566"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2021565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2021565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2021565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}