By E.J. Antoni ~
The sailor’s lament “Water, water everywhere, and not a drop to drink” is reminiscent of how most Americans must feel today about their cost of living.
The average working American has the equivalent of $3,000 less annually than when Joe Biden, pictured Oct. 12 departing the White House, became president. Pictured: Biden holds an Oct. 4 White House meeting on access to abortion. (Photo: Saul Loeb/AFP/Getty Images)
For instance, there are plenty of homes and apartments across the country, but good luck finding one that’s affordable—inflation and interest rate hikes under President Joe Biden have made that all but impossible.
Those two factors have made the average worker in America $4,200 poorer on an annual basis.
White House officials are quick to cite the recent rapid increase in nominal wages, but they somehow always leave out the fact that prices have risen even faster than wages…
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