Tag: economy

Average American worker down $3400 in annual income since Biden took office

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.

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Confusion swirls as Colorado imposes new retail delivery fee, catching businesses by surprise

Colorado consumers will start noticing a 27-cent fee on receipts for almost everything that gets delivered to them, including restaurant food, after Colorado’s new “retail delivery fee” took effect July 1.

The fee must be collected and paid to the state by retailers “on all deliveries by motor vehicle to a location in Colorado with at least one item of tangible personal property subject to state sales or use tax,” according to the new law.

The new fee is occurring at a time of record-setting inflation, spiking home prices, and a general sense of how unaffordable living in Colorado has become, particularly in metro Denver. It’s also occurring even as elected officials promise to do everything in their power to lift the economic burden on residents.   

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