Bidenomics, the sweetened-up name for the Bidenflation that has been plaguing Americans since the last presidential election, has one-third of the nation wondering how they will be paying their bills. That’s according to a report at the Federalist. And that could be a determinative factor in the 2024 presidential race.
“Despite having committed trillions in new government spending programs, and running massive deficits in the process, government surveys reveal millions of working Americans believe they are worse off than they were in January 2021, when Biden first entered the White House,” the report explained.
According to the Census Bureau’s recent Household Pulse Survey, the number of those who say they are finding it “somewhat” or “very” difficult to make all their payments is up by six million since Biden took office. At that time, the number responding in those categories totaled 80.53 million Americas. Now it’s 86.92 million.
“That means in Biden’s America, more than 1 in 3 households are struggling to pay their bills,” the Federalist report said.
Most affected are those with incomes from $50,000 to $150,000, mostly considered America’s “middle class.”
“For example, the number of households earning $50,000 to $75,000 that are having trouble paying their usual household expenses increased from 10.01 million in January 2021 to 13.34 million in July 2023,” the report said.
They’re turning to credit cards, personal loans and other debt, the Federalist said.
“In July 2023, 85.46 million Americans relied on ‘credit cards or loans’ to ‘meet spending needs in the last 7 days.’ In July 2022, the number was just 74.89 million,” the report said.
And the fact that Americans are suffering under Biden’s agenda is supported by other numbers, too, the report said.
“A LendingClub report published earlier in 2023 suggests 61 percent of Americans say they are living paycheck to paycheck. In cities, the number is even higher, coming in at 69 percent,” it said.
And alarmingly, 57% of Americans say they can’t afford to cover an emergency expense of $1,000 or more.
“Democrats have spent trillions upon trillions of dollars without offsetting the increase with additional tax revenue, effectively printing huge amounts of money. Those spending increases have created inflation that has yet to be reversed, and probably never will be,” the report said.
A large part of the problem is the surging inflation that has hit Americans under Biden’s policies. It maxed out at more than 9% last year, and still remains high.
What are your thoughts? Comment about this article on our Economic Collapse Substack.
Content created by the WND News Center is available for re-publication without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
