The average American worker has lost $3,000, and the average family has lost $6,000 in annual wages, thanks to rising inflation under President Biden.
FOX Business correspondent Madison Alworth reports on food retailers’ decision to utilize discounts, rewards programs and free samples to bolster consumer spending, on ‘Cavuto: Coast to Coast.’
The average American family has experienced a loss of roughly $6,000 in annual wages, thanks to inflation duringThe analysis, conducted by economist and Heritage Foundation research fellow E.J. Antoni, showed that the average American worker has seen annual wages decrease by $3,000, meaning families have seen a loss of $6,000 in annual wages, thanks to high inflation.
"People are just absolutely being crushed," he told FOX Business in an interview. "It's not the price of caviar and yachts that are driving these numbers. It's necessities, it's staples. It's things like eggs, milk, flour, soup. These are things that are up 20 or 30 percent year-over-year." "All of those additional costs are now creeping into the rest of the economy, essentially," Antoni continued. "I really don't see much good news any anywhere I look, unfortunately."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
David Asman rips Biden admin's handling of inflation as food prices rise 11%: 'Where is the empathy?'FOX Business anchor David Asman ripped Biden's alleged callousness during a recent CNN interview as American families continue to struggle with skyrocketing inflation.
Lire la suite »
What to know about inflation checks in New YorkTo help families fight inflation, New York Gov. Kathy Hochul announced last month that New Yorkers would receive an average payment of $270 through a tax credit program.
Lire la suite »
President Biden to wrap up two-day SoCal visit in Orange CountyPresident Joe Biden will travel to Orange County Friday to discuss his administration's efforts aimed at lowering costs for American families.
Lire la suite »