Thanks to Biden, Americans are Far Poorer

Photo of a wallet with almost not money inside / Photo by Chris O'Neil

American household wealth took a staggering nosedive during the second quarter of the year, according to the Federal Reserve’s report that dropped Friday.

The Daily Caller reports:

Household net worth fell by $6.1 trillion between the end of March and the end of June, Reuters reported. Through the month of June, Americans’ collective wealth fell by more than $6.2 trillion from $150 trillion at the close of 2021.

Economic woes are continuing to afflict Americans. More than half of Americans say rising prices are making their lives worse, a percentage which increased steadily from previous months, according to a Gallup poll published in September. Seventy-four percent of respondents who said their financial situation was severe made less than $48,000 a year, according to the poll.

An economist at the Heritage foundation estimated the average American worker has lost almost $3,400 in annual income since Biden became president.

A Federal Reserve survey released Wednesday found the American economy had remained “generally weak,” reporting that regional banks across the country have experienced contractions.

Joe Biden’s Treasury Secretary Janet Yellen insists she is persistently optimistic, but Americans who are now much poorer than they ever were before may differ in their opinions of the economy.



Subscribe
Notify of
guest
11 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
markypolo
14 days ago

The 80 million plus idiots and morons got exactly what they deserve.

vmack
vmack
13 days ago
Reply to  markypolo

I didn’t vote for this wacko–I want my money back!

Gerald Ladd
9 days ago
Reply to  vmack

LOL…I don’t think there’s a money back guarantee on the worthless fuck.

Tim
Tim
6 days ago
Reply to  Gerald Ladd

IF the red states seceded, we could stop the pain and end the regulation (fed)

Chainlink700rt
13 days ago

2016 was the beginning of change for the United States, unfortunately the democrats doing what they do best…..destroy…
At least we got someone that’s still fighting for the United States… , and Donald J Trump
will never give up.

Tim
Tim
6 days ago
Reply to  Chainlink700rt

it went bad before 1861. The republic was destroyed in 1865, 660 000 murdered. The survivors were all enslaved to the Den of Corruption. Know your history, don’t drink the kool-aid

Paul Fishman
Paul Fishman
13 days ago

The government is taking from us far more than they promised to give to us. They make us these stories to trick us with wasteful social programs without the public having a choice. It’s better to let the private sector manage most of these things ONLY with a partnership with government NOT patronization to put us down in degraded humiliation.

The Government Giveth and The Government Taketh away.png
vmack
vmack
13 days ago
Reply to  Paul Fishman

I never fell for their lies. I knew he was BAD NEWS!

Barrett T Smith
Barrett T Smith
13 days ago

Joe is doing as instructed.

graceythecat
12 days ago

so called 80 million dead and illegal votes put this commie democrat pedophile racist cult party in to destroy America while the deep state gets money from china.
commie democrats destroying America for money from china

Tim
Tim
6 days ago

and because they will not separate from the abuse they pay for (like Jesus and the founders said to do) they are not (smart) good Amerikans or good Christians either

By submitting this form, I hereby consent to TrumpTrainNews.com's Terms of Use and Privacy Policy, which permits TrumpTrainNews.com and its affiliates to contact me.