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BIDEN EFFECT: Average Family is Spending $175 More per Month on Basic Essentials Today

October 7, 2021

If you have noticed the sudden rise in prices this year on all goods from food, to gas, to household items, you are not alone.

The average family is paying $175 more a month on basic essentials today compared to last year.

This is the Biden Effect in action.

Like millions of Americans whose income has not kept pace with inflation — up 5.3 percent in August compared with a year ago — Allison and her family are feeling the pinch of the rising cost of living and giving up some things just to make ends meet…

… Spurred by supply shortages and massive government spending, inflation has become an added tax on middle-class Americans coming out of the COVID lockdowns.

For households earning the US median annual income of about $70,000, the current inflation rate has forced them to spend another $175 a month on food, fuel and housing, according to Mark Zandi, chief economist at Moody’s Analytics.

And despite this inflation surge Democrats want to continue their profligate spending.

Via FBN SOURCE: The Gateway Pundit



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