A recent survey conducted for the 85 Fund revealed that many people feel financially strained this Christmas compared to last year, with 49% feeling worse off and 43% feeling better off.
Concerns about retirement are widespread, with 81% worried about not having enough to retire on.
The survey also highlighted rising credit card balances as a potential early warning sign of economic troubles. (Trending: Supreme Court Delivers Historic Ruling on AR-15s)
Critics of the Biden administration’s economic policies, such as Alfredo Ortiz and Will Hild, argue that inflation and higher prices are negatively impacting ordinary Americans.
“Ordinary Americans are far worse off than one year ago due to the consequences of Bidenomics,” Alfredo Ortiz, president and CEO of the Job Creators Network said.
“Bidenflation has caused a cost-of-living crisis,” Ortiz said. “The Federal Reserve’s aggressive interest rate hikes in response have made credit more expensive and difficult to attain.”
“It’s harder and harder to make ends meet, especially for women who generally manage household finances.”
“President Biden and the liberal media continue to claim the economy is great, but real Americans, as this poll reiterates, know otherwise,” he added.
“As the Biden administration continues to force its ineffective economic agenda on the American people, consumers are continuing to feel the strain of inflation and higher prices,” said Will Hild, executive director of Consumers’ Research.
“American consumers are paying more for less. We need leaders who focus on economic policies that help consumers and stimulate the economy, rather than ones who push bad policies, like climate activism, that are driving up costs.”
Most Popular:
Devastating News For Hunter Biden After Defying Subpoena
Ousted Democrat Who Filmed Explicit Tape Blames Homophobia
Obama Reveals His Fear For Joe Ahead Of 2024
