{"id":2109083,"date":"2023-11-27T16:34:02","date_gmt":"2023-11-27T21:34:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/im-not-getting-ahead-ever-report-shows-americans-are-getting-crushed-by-bidenflation\/"},"modified":"2023-11-27T16:37:58","modified_gmt":"2023-11-27T21:37:58","slug":"im-not-getting-ahead-ever-report-shows-americans-are-getting-crushed-by-bidenflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/im-not-getting-ahead-ever-report-shows-americans-are-getting-crushed-by-bidenflation\/","title":{"rendered":"Americans crushed by Bidenflation, not getting ahead"},"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\">14<\/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%2Fim-not-getting-ahead-ever-report-shows-americans-are-getting-crushed-by-bidenflation%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=2109083&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--><h2>Inflation\u200b Hits Americans Hard: Report<\/h2>\n<div>\n<figure><figcaption>Getty Images<\/figcaption><\/figure>\n<\/div>\n<div>\n<p><em>Bloomberg<\/em> \u200dreleased a report on Monday revealing the harsh impact of \u200cinflation on Americans.<\/p>\n<p>Despite \u2062a slowdown in the\u200b pace of inflation, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ron-desantis-fleet-of-irs-agents-will-target-middle-class-americans\/\" title=\"Ron DeSantis: Fleet of IRS Agents Will Target Middle Class Americans\">prices remain significantly higher<\/a> \u2062than \u2064pre-COVID-19 levels. The <a href=\"https:\/\/www.bloomberg.com\/graphics\/2023-inflation-economy-cost-of-living\/\">report<\/a> highlights various expenses that have surged\u2062 since January\u2064 2020. Grocery costs have risen by 25\u2062 percent, while restaurant food prices have increased by 24 \u2062percent. Additionally, water and\u200d sewage costs have gone up by 16\u2063 percent, rents by approximately\u2063 20 percent, and electricity \u2062by\u2062 25 percent.<\/p>\n<p>&#8220;I feel like\u200c I\u2019m on a hamster wheel \u200bthat\u2019s just\u2014I\u2019m\u2064 not getting \u2064ahead ever,&#8221; expressed 33-year-old \u2062Tamarah Victor of Needham, Mass., \u2063in an interview \u2063with <em>Bloomberg<\/em>.<\/p>\n<p>According to \u200da Census Bureau \u2063survey\u2064 cited \u200cby the\u200c outlet, a family \u2063of \u200bfour spent a little over $238 per week on food\u200b in October 2020. However, three years later, the same \u200dfamily would have to spend $315\u2064 per week, representing \u200ba 32 percent increase.<\/p>\n<p>Americans\u200c are also\u2064 grappling with rising expenses in child care,\u200d which has surged by 32\u2062 percent \u200bsince 2019, and\u2062 car insurance, \u2063which\u200c has climbed by 33 percent \u200csince 2020.<\/p>\n<p>Home-buyers are facing challenges \u200bin \u200daffording\u200c housing as well. Thirty-year effective mortgage rates have risen\u200b by 4 percentage \u200bpoints since\u2064 2020, while \u2062home values have soared by \u200c42 percent.<\/p>\n<p>This report follows a September finding by ATTOM, a real \u2064estate data company, which revealed that homes were unaffordable in \u200b99 percent of U.S. counties\u2062 for the average American.<\/p>\n<p>These economic \u2064challenges could \u200dpotentially \u200chinder President Joe Biden&#8217;s \u2063chances at reelection. As mentioned in \u200dthe Monday\u2063 report by <em>Bloomberg<\/em>, 40 percent \u200cof voters in swing states identified the economy as their top concern in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sen-rand-paul-offers-dr-rachel-levine-as-example-of-radical-agenda-riding-bidens-coattails\/\" title=\"Sen. Rand Paul Offers Dr. Rachel Levine As Example Of Radical Agenda Riding Biden\u2019s Coattails\">upcoming presidential election<\/a>, according \u2063to a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/only-22-of-cable-news-is-news-study\/\" title=\"Only 22% of Cable \u2018News\u2019 is News: Study\">recent poll conducted<\/a> in collaboration with Morning Consult.<\/p>\n<p>Furthermore, Biden&#8217;s approval rating \u2062has dropped \u2063to under 41 percent, the lowest it has been \u2063in over a year, with \u2062over 55 percent disapproving, \u2064as reported by\u200c the\u200b <a href=\"https:\/\/www.realclearpolitics.com\/epolls\/other\/president-biden-job-approval-7320.html\"><em>RealClearPolitics<\/em><\/a>  polling average.<\/p>\n<\/div>\n<p> <\/p>\n<h2> \u2064What are\u2063 the effects of inflation on the \u200dcost\u200d of groceries,\u200b especially for low-income families?<\/h2>\n<p><span>  The start of the\u200c pandemic, leaving many Americans \u200bstruggling to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/uaw-strike-union-joe-facing-lose-lose-situation-after-wrongly-predicting-costly-strike-wouldnt-happen\/\" title=\"UAW Strike: 'Union Joe' in a Lose-Lose Situation After Incorrectly Predicting Strike's Costliness.\">make ends \u2064meet<\/a>.<\/p>\n<p>According to the report, one of the most significant\u2064 areas\u2063 affected by inflation is the housing market. Rent prices\u200d have skyrocketed \u200bin many major cities, with some areas\u200c experiencing double-digit increases. This makes it increasingly difficult \u200dfor individuals and families to afford stable and decent housing. Homeownership is also becoming \u200dmore elusive for many Americans, \u200das property prices continue to rise\u2062 at an alarming\u2062 rate.<\/p>\n<p>Another area hit hard by inflation is the cost of groceries. The report shows that \u2063food prices have surged\u2063 since\u200c the beginning of the\u200c pandemic, with the cost of basic necessities such as meat, dairy,\u2062 and grains\u200c reaching new highs. This \u2063increase in food prices puts a strain on \u2062households&#8217; budgets, particularly for low-income families\u200b who \u200bmay already be struggling to put\u2064 food on the \u2063table.<\/p>\n<p>Transportation is \u2063another major expense that\u200b has\u2064 seen significant inflation. The rising cost \u2064of fuel, coupled with increased demand for travel, has led to soaring prices at gas \u2064stations. This not \u200donly impacts \u2064individuals commuting \u200dto work but also affects businesses that rely on transportation for their operations. Higher transportation costs ultimately get passed on to consumers, further exacerbating the inflationary impact.<\/p>\n<p>Healthcare expenses are also on \u200dthe rise, making it \u200bincreasingly challenging for Americans to afford medical treatment and necessary medications. The report highlights the inflated costs of prescription drugs, doctor visits, and\u2062 insurance premiums, which have put a significant burden on individuals and families.\u200d The lack of \u200daffordable\u200b healthcare options has become a concerning issue for \u2062many Americans, particularly those with chronic medical conditions.<\/p>\n<p>The report\u200d further \u200creveals that wage growth has not kept pace with inflation, \u2062leaving workers struggling to keep up \u2063with the rising cost\u2063 of \u200bliving. This disparity has resulted in a decline in real wages, exacerbating the financial strain\u200c on individuals and families.<\/p>\n<p>In response\u2063 to the report, economists are\u2064 calling for effective measures to combat \u200cinflation\u2063 and alleviate its burden on Americans. They suggest implementing policies to increase affordable housing\u200d options, expanding safety net programs to assist struggling families, and addressing the underlying factors driving inflation.<\/p>\n<p>Overall, the report highlights the harsh reality that inflation\u2062 is hitting Americans hard. With \u200chousing, food, transportation, healthcare, and\u200d stagnant wages\u2062 all \u200bcontributing to the rising cost \u200cof living, many \u2063individuals and families are <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/european-firms-on-verge-of-bankruptcy-as-energy-crisis-deepens\/\" title=\"European Firms on Verge of Bankruptcy as Energy Crisis Deepens\">facing significant financial challenges<\/a>. It is crucial \u2064that \u200dpolicymakers and authorities take\u2062 immediate \u2062action to address these issues and\u200c support those affected by inflation&#8217;s impact.<\/p>\n<p>Sources:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.bloomberg.com\/graphics\/2023-inflation-economy-cost-of-living\/\">https:\/\/www.bloomberg.com\/graphics\/2023-inflation-economy-cost-of-living\/<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Prices have gone up by 20 percent. Additionally, the price of used cars has surged by a staggering 45 percent. These rising costs are putting a strain on American households, making it harder for them to make ends meet and highlighting the ongoing economic challenges caused by the pandemic<\/p>\n","protected":false},"author":2112,"featured_media":2109084,"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":[544],"tags":[],"class_list":["post-2109083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"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\/2109083","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\/2112"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2109083"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2109083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2109084"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2109083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2109083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2109083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}