Press Releases

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.
  • U.S. consumer sentiment plunged in early June to the lowest on record as soaring inflation continued to batter household finances.
• Already, diesel is up 115%, natural gas 202%, fertilizer 220%, and fertilizer ingredients are up 125%from January 2021 to January 2022.