The average American worker has lost $3,400 in annual income since Biden took office in January 2021.
Since Biden’s inauguration, the cost of living, including prices at the grocery store and prices at the gas pump have steadily risen. While Biden seeks to blame the COVID-19 pandemic and Russian President Vladimir Putin for the state of the economy, Americans enduring hardship have had little to fall back on.
Biden’s economic challenges were compounded even further with the release of this month’s Consumer Price Index report, which surged to 9.1% year-over-year in June.
The increase was significantly higher than previously predicted by economists, marking the CPI at its highest level since November 1981, according to the Bureau of Labor Statistics on Wednesday.