As rising costs continue to outpace Americans’ wages, families are burning through crucial emergency and retirement funds to stay afloat in Joe Biden’s America. According to two new surveys, 67% of Americans are now draining their savings and a quarter of Americans are reporting they will delay their retirement because of this 40-year high inflation. MAKE NO MISTAKE: Inflation is a tax on ALL Americans. Joe Biden and House Democrats’ out-of-control government spending over the past year and half is costing millions of Americans their future. BIDEN’S ECONOMIC CRISIS BY THE NUMBERS: 

  • Inflation is a tax on ALL Americans.
  • In May, the CPI increased 8.6% for the 12 month period ending in May, the largest 12-month increase since the period ending in December 1981.
  • Wages are not keeping up with inflation, and have actually DECREASED, while prices for goods have risen.
    • Real average hourly earnings decreased 3.0%, seasonally adjusted, from May 2021 to May 2022.
    • Real wages have decreased under Biden 10 out of the last 12months.
    • According to a new survey, 67% of Americans are now draining their savings.
    • 25% of Americans are reporting they will delay their retirement due to Biden’s economic crisis.
  • Inflation will cost Americans OVER $5,000 this year.
  • Americans are paying more for just about everything because of inflation.
  • Most Americans expect inflation to get worse in the next year and are adjusting their spending habits in response to rising prices.
  • Already, diesel is up 115%, natural gas 202%, fertilizer 220%, and fertilizer ingredients are up 125%from January 2021 to January 2022.