{"id":2163781,"date":"2024-01-31T10:12:04","date_gmt":"2024-01-31T15:12:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/six-in-10-live-paycheck-to-paycheck-24-have-0-in-bank\/"},"modified":"2024-01-31T10:13:05","modified_gmt":"2024-01-31T15:13:05","slug":"six-in-10-live-paycheck-to-paycheck-24-have-0-in-bank","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/six-in-10-live-paycheck-to-paycheck-24-have-0-in-bank\/","title":{"rendered":"60% live paycheck to paycheck, while 24% have no money in the bank"},"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%2Fsix-in-10-live-paycheck-to-paycheck-24-have-0-in-bank%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=2163781&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>Proof that \u200c&#8221;Bidenomics&#8221; is Failing: Majority of Americans Struggling Financially<\/h2>\n<p>Despite the soaring records on Wall Street, the reality on Main Street is far from prosperous. According to\u200b the latest Issues \u2062and\u200d Insights\/TIPP poll, a staggering\u2062 64% of\u2063 Americans are currently\u200d living &#8220;paycheck to paycheck.&#8221;<\/p>\n<p>Even those with higher \u2062incomes are not immune to financial \u2064hardships. The analysis of the poll revealed that over half of those earning $75,000 or more annually (53%) and\u2062 even investors (51%) are struggling to \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/under-trump-americans-have-seen-their-best-wage-growth-in-40-years\/\" title=\"Under Trump, Americans Have Seen Their Best Wage Growth In 40 Years\">make ends meet<\/a> on a monthly basis.<\/p>\n<p>Furthermore, the survey highlighted\u2062 the lack of emergency savings among \u200cAmericans. Shockingly, 24% reported having no savings\u200b at all, while an additional 20% admitted to having only $1,000 set aside.<\/p>\n<p>The poll \u2062concluded that Americans are ill-prepared for \u2062financial emergencies, regardless of their \u2064political affiliations or racial backgrounds. Democrats (63%), Republicans (67%), and independents (62%) all expressed concerns about their financial stability. Similarly, 62% of white Americans and 69% \u200dof black and Hispanic Americans agreed that they \u200care facing \u200cfinancial \u2063struggles.<\/p>\n<p>These findings clearly indicate that the majority of \u200cAmericans are grappling with\u2064 financial hardships, debunking President Joe Biden&#8217;s \u2062claims of the success\u2063 of his economic policies, known as &#8220;Bidenomics.&#8221;<\/p>\n<h3>Public\u200b Disapproval of &#8220;Bidenomics&#8221;<\/h3>\n<p>Recent polls have further undermined President \u2063Biden&#8217;s narrative. In a survey conducted by Rasmussen Reports, nearly twice \u200bas many likely voters\u200d stated that \u2063&#8221;Bidenomics&#8221;\u2064 is more likely to benefit former President\u200c Donald Trump than Biden himself. Out of those surveyed, 51% expressed disapproval of &#8220;Bidenomics,&#8221; while only 42% approved.<\/p>\n<p>It is evident that the American people are not experiencing the promised benefits of &#8220;Bidenomics,&#8221; and the economic struggles are \u2063felt across the political spectrum and racial divides. The need for financial stability and relief is \u200ba pressing concern \u2064for the majority of Americans.<\/p>\n<p>Stay\u200d updated with the latest political news\u2063 and buzz from Washington Secrets.<\/p>\n<p> <\/p>\n<h2> How is the rising cost of essential goods and services impacting\u200c American families and their financial well-being under the \u2063Biden administration?<\/h2>\n<p><span>  Under the administration of President Joe Biden, a wave of optimism and hope was expected to sweep across the nation. Bidenomics, the economic policies and strategies put forth by the Biden administration, promised to rebuild the \u2064middle class, create new jobs, and provide \u200cfinancial relief for struggling Americans. However, recent evidence suggests that these aspirations are far from reality. The majority \u2062of Americans continue to face financial hardships, indicating a failure of Bidenomics.<\/p>\n<p>One of the fundamental promises of Bidenomics was the revival of the middle class. The idea behind this\u200c was to create an economy that worked for \u2063everyone, not just\u2062 the wealthy \u200belite. However,\u200d despite the promises made, the reality on Main Street is quite different. Many Americans are finding it increasingly difficult to make ends meet, with the cost of living\u200b continually rising and wages failing to keep up. \u200d <\/p>\n<p>A\u200b major concern for Americans is the skyrocketing price of essential goods and services. From groceries to gas, everyday expenses are\u2063 burning a hole in the pockets of millions of\u200b Americans. Families are \u200cfeeling the pinch as they struggle to put food on the table and provide for their children&#8217;s needs. Despite the temporary relief provided by government\u2064 stimulus checks,\u200c these measures have failed to address the underlying problems that continue\u2064 to keep Americans financially strained.<\/p>\n<p>Furthermore, job creation under \u2063the Biden administration has been\u200c lackluster at best. While the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/another-inflation-metric-likely-heading-even-higher\/\" title=\"Another Inflation Metric Likely Heading Even Higher\">official unemployment rate<\/a> may have decreased, it fails to capture the larger picture. Many Americans are underemployed, working multiple part-time jobs or jobs that do not match their skillset and education. This not only hinders their \u200cability to save \u200dand invest but also compromises their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/we-got-our-hopes-up-american-families-adjust-to-life-without-the-expanded-child-tax-credit\/\" title=\"\u2018We Got Our Hopes Up\u2019: American Families Adjust To Life Without The Expanded Child Tax Credit\">long-term financial stability<\/a>. The promise of new jobs remains unfulfilled as businesses struggle to recover from the economic downturn caused\u200d by the COVID-19 pandemic.<\/p>\n<p>Perhaps the most disheartening aspect of the current situation is the financial distress faced by small businesses across the country. These enterprises, often the backbone of local economies, have been hit the hardest. The burden of increased regulations \u200cand taxes, coupled with decreasing \u2064consumer spending, has\u2064 created an environment where many are forced to close their doors permanently. This not only affects the\u2063 livelihoods of small business owners but also leads\u2063 to job\u2063 losses and \u2064an overall decline in economic activity.<\/p>\n<p>While the stock market continues to break records, this \u200cprosperity is not being felt by the average American. The wealth gap continues to widen as the rich get richer and the poor\u200d struggle to get by. Bidenomics, with its focus on taxation and\u200c government spending, has failed to create an\u2062 inclusive economy that benefits all.<\/p>\n<p>In conclusion, the majority of \u200dAmericans continue\u200c to face financial struggles\u2063 despite the promises\u2063 made under Bidenomics. The rising cost of living, lackluster job creation, and the decline of small businesses all point toward an economic policy that is failing\u2064 to address the needs of the people. \u2064If we \u200btruly want to create an economy that works for \u2062everyone, it is imperative that we reassess and reconsider the strategies put forth by the Biden administration. Only then can we hope to revive the middle class and ensure \u2063financial prosperity for all Americans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bidenomics&#8221; fails as evidence emerges. Wall Street thrives, but Main Street struggles, with 64% living &#8220;paycheck to paycheck,&#8221; per Issues and Insights\/TIPP poll. Emergency savings remain scarce, leaving many reliant on their next paycheck<\/p>\n","protected":false},"author":2647,"featured_media":2163782,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/AP23257752099999-scaled.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2163781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/AP23257752099999-scaled.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2163781","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\/2647"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2163781"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2163781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2163782"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2163781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2163781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2163781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}