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.
The New York Post reported:
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.
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