This is not an economy that allows most people to thrive.
As a matter of fact, most people are struggling just to make ends meet, living month to month, paycheck to paycheck, in order just to get by in Biden's economy.
61% of Americans are living paycheck to paycheck in Biden's economy, up two percent from last year.
But if you listen to Joe and his crew, things are getting better.
Bidenflation is killing the American people.
And, no surprise, it's the lower-income, working-class Americans who are hardest hit by the high-interest rates from the Fed and the continued out-of-control inflation.
Lower-income workers have been the hardest hit by higher prices, particularly for food and other necessities, since those expenses account for a bigger share of the budget, studies show.
Now, 78% of consumers earning less than $50,000 a year and 65% of those earning between $50,000 and $100,000 were living paycheck to paycheck in July, both up from a year ago, LendingClub found. Of those earning $100,000 or more, only 44% reported living paycheck to paycheck.
More than 3 out of 4 Americans who earn less than $50k a year, what would have been a decent salary not long ago, are having to stretch their dollars a little further, with nothing left in their bank account at the end of the month.
Numbers also show that only 45% of Americans have any kind of emergency fund, meaning that if you were among that number and you lost your job you'd have to miss payments and put yourself in danger.
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