Soaring inflation wipes out over $4,000 in annual income for average American

| September 24, 2022

Analysis of consumer prices data, and Federal Reserve interest rates, lead experts at a conservative think tank to conclude loss of income for the average American. The experts estimated approximately $4,200 lost since Trump left office. Additional factors that influence higher interest rates contributed to a loss of $1,200 per year.

From FoxBusiness:

“Simply put, working Americans are $4,200 poorer today than when Biden took office,” EJ Antoni, research fellow in regional economics with The Heritage Foundation’s Center for Data Analysis, said in a press release. “This financial catastrophe for American families is the direct result of a president and Congress addicted to spending our money, combined with a Federal Reserve compliantly enabling this addiction by printing more dollars.”

Antoni told Fox News Digital that the average household has lost roughly $7,200, a number calculated by doubling the inflation number of $3,000 and adding $1,200 in losses from interest rates.

The $4,200 loss figure erases the average American worker’s real annual earnings increase of $4,000 that occurred during the Trump presidency, according to Heritage.

“Washington recklessly spent trillions of dollars it did not have and paid for it with newly printed money, causing rampant inflation that has destroyed people’s purchasing power and jeopardized Americans’ financial futures,” Antoni said.

Antoni explained that many Americans have taken on additional debt to cover their cost of living while rates on all kinds of consumer debts are rising. At the same time, mortgage rates and interest rates have doubled since Biden took office which is greatly increasing the monthly payments Americans are facing.

“We are in a vicious spiral, but it’s one of Joe Biden, the Democrat-controlled Congress, and the Fed’s own making,” Antoni said.

FOXBusiness has additional information.

Category: "The Floggings Will Continue Until Morale Improves", 2022 Elections, Biden, Economy, Society

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jeff LPH 3 63-66

Heard the same from either Joe Paggs or Lars Larsen the other night but the old noodle forgot which one.


Y’all fed up yet?

Give it a few more squeezes, you bastards. Let that pressure build up just a little more. When it finally does blow, it will be epic. Mount Tambora will be pea green with envy.

And the destruction/”…fundamentally change the face of America…” continues.


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The FOMC decided unilaterally to cause a housing market crash and cause the value of your home to decline by 20% by this time next year.

You are welcome.

A Proud Infidel®™

I wonder if we’ll have Major Moonbat come here and tell us it’s ALL Donald Trump’s fault?




He’s busy behind a dumpster at a truck stop, he’ll return in a few hours.


He’s not affected by this. He doesn’t have $4,000 in annual income.

Forrest Bondurant

If he has managed to earn $4k in annual income, it’s probably from giving .10 cent blowjobs at those truck stops…


Of Course, that doesn’t include the damage to our 401k’s

pookysgirl, WC wife

We live off of VA disability and caregiver stipend, and are applying for VA TDIU and SSDI. None of that income has been adjusted for inflation yet, so the costs associated with getting a service dog (travel, fencing, etc) have been “ruff” on us. Thank God for family and church, who have been picking up the slack due to Joeflation.

USMC Steve

And the delusional socialist democrat lemmings will continue to vote for absolutely anything with a (D) at the end of its name. The brainwashing and delusionality is strong within them.