{"id":2137426,"date":"2023-12-31T17:44:02","date_gmt":"2023-12-31T22:44:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/middle-and-lower-income-peoples-wealth-has-increased-under-biden-jared-bernstein\/"},"modified":"2023-12-31T17:46:17","modified_gmt":"2023-12-31T22:46:17","slug":"middle-and-lower-income-peoples-wealth-has-increased-under-biden-jared-bernstein","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/middle-and-lower-income-peoples-wealth-has-increased-under-biden-jared-bernstein\/","title":{"rendered":"Biden&#8217;s policies have boosted wealth for middle and lower income individuals: Jared Bernstein"},"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\">26<\/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%2Fmiddle-and-lower-income-peoples-wealth-has-increased-under-biden-jared-bernstein%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=2137426&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>President Biden&#8217;s Economic Adviser: Middle and Lower Income Classes Experience \u2062Increase in Net Worth<\/h2>\n<p>During an appearance on Fox News Sunday, Jared Bernstein, President Joe Biden&#8217;s top economic adviser,\u2063 addressed concerns about the economy&#8217;s future. Despite \u2063recent polling data showing pessimism, Bernstein highlighted positive indicators such \u2063as increased spending \u200cduring the holiday season and a rise in business startups over the past \u2063year.<\/p>\n<h3>White\u2062 House Announces Kamala Harris&#8217;s \u2062Nationwide \u200dTour in 2024<\/h3>\n<p>When asked about the potential impact of \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nasa-worker-sentenced-to-18-months-in-prison-after-lying-to-govt-for-pandemic-benefits\/\" title=\"NASA worker sentenced to 18 months in prison after lying to govt. for pandemic benefits\">credit card debt<\/a> \u200don\u200b the president, Bernstein acknowledged the\u2064 need to address\u200d the \u2064issue. However, \u200che emphasized the significant increase in net worth \u2062and wealth among\u2063 not \u200donly the \u2063wealthy but also\u2063 middle and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/poll-minority-voters-hit-hardest-by-inflation-some-say-they-will-vote-republican-now\/\" title=\"POLL: Minority Voters Hit Hardest By Inflation, Some Say They Will Vote Republican Now\">lower-income individuals<\/a>, including communities of color. This rise in wealth \u2064has contributed to strong household balance\u200c sheets.<\/p>\n<p>Last \u200cmonth, inflation \u200brates decreased, with a 2.6%\u2064 annual rate and\u2063 a 3.2% year-over-year rate for core\u2062 PCE inflation, \u200dwhich \u2064excludes\u2062 volatile energy \u200cand food prices, according to the\u200d Federal Reserve.<\/p>\n<p>Despite \u200cthese positive developments, a recent Monmouth University\u200c poll revealed that nearly 70% of\u2063 voters disapprove \u2064of President Biden&#8217;s handling of inflation, while \u200donly \u200c28% approve.<\/p>\n<p>Looking \u200dahead to the \u20622024 presidential election, a majority of voters under 30 consider the economy the most significant \u200bissue facing the nation, with healthcare \u2063and education also cited as important concerns.<\/p>\n<p><strong>Click here to read more from \u200bThe Washington Examiner.<\/strong><\/p>\n<p> <\/p>\n<h2> How has credit card debt impacted President\u200d Biden, according to Bernstein, and\u200c what \u2064steps should be \u200btaken to address this \u2064issue?<\/h2>\n<p><span>  \u200bPresident Biden&#8217;s Economic Adviser, Jared Bernstein, recently made an\u2064 appearance\u2064 on Fox News Sunday\u2063 to address concerns about the future of the economy. Despite\u200b recent polling\u2062 data showing pessimism, Bernstein \u2063pointed\u200b out several positive indicators that suggest a promising economic\u200c outlook. He highlighted increased spending during\u2064 the holiday season and\u2064 a rise in business startups over the past year.<\/p>\n<p>One \u2064of the concerns raised during the \u2064interview was the potential \u200dimpact of credit card debt \u2062on the \u200cPresident. Bernstein acknowledged the need to address \u2062this\u2062 issue but emphasized \u200cthe\u200b significant increase\u2064 in net worth and wealth among not only the\u2063 wealthy but also middle and lower-income individuals, including \u2063communities of color. This rise in wealth has contributed \u2064to\u2064 strong household balance sheets.<\/p>\n<p>Inflation rates have also\u2063 been <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/authorities-capture-man-accused-of-shooting-fla-police-officer\/\" title=\"Authorities capture man accused of shooting Fla. police officer\">showing positive signs<\/a>. Last month, there was a decrease in inflation rates, with \u2062a \u20642.6% annual rate\u2064 and a 3.2% year-over-year \u200drate for core\u2062 PCE inflation, which excludes volatile energy \u2063and food prices, according to the \u200bFederal\u2064 Reserve.<\/p>\n<p>However, despite these \u200bpositive developments, a\u2063 <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> by Monmouth University revealed that nearly 70% of voters disapprove of President Biden&#8217;s \u2063handling of\u200b inflation, while only 28% approve.<\/p>\n<p>Looking \u2064ahead to\u2063 the 2024 presidential election, a\u200b majority of voters under 30 consider the economy the most\u200b significant issue \u200cfacing the nation. Healthcare and education are also \u2062cited as important concerns.<\/p>\n<p>While \u200dconcerns about the economy persist, President Biden&#8217;s economic adviser remains optimistic, pointing to positive indicators such as increased spending and a rise\u200d in business startups. Whether these positive developments can outweigh\u2063 concerns \u2063about inflation and other economic\u2063 challenges remains to \u200dbe seen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Biden&#8217;s economic adviser, Jared Bernstein, revealed that the net worth of middle and lower-income individuals has increased during Biden&#8217;s presidency. However, recent polls show that only 22% of respondents are optimistic about the economy&#8217;s future. Bernstein shared this information during an appearance on Fox News Sunday<\/p>\n","protected":false},"author":1,"featured_media":2137427,"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":[538],"tags":[],"class_list":["post-2137426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"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\/2137426","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=2137426"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2137426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2137427"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2137426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2137426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2137426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}