The growing economic crisis in America has surpassed the stage of petty partisan politics.
Not a single politician – especially Joe Biden and the Democrats – can convey the very real struggle most Americans are currently experiencing thanks to unprecedented federal spending, massive regulations, and the globalization of the U.S. economy.
Despite the negative impact massive federal spending has on average American citizens, Democrats still insist that additional spending is actually the solution to our current economic crisis. The cruelty shown by liberals in their pursuit of passing radical progressive legislation truly knows no bounds.
A looming recession and historic inflation have all but decimated America’s middle-class — the very same people Democrats claim to champion. Results from a survey released Wednesday seem to suggest that Americans are more concerned about their finances than ever.
Most middle-class Americans (75%) with an income between $30,000 and $100,000 claim they can no longer afford the cost of living in Biden’s America, according to a survey by financial services company Primerica. This feeling of doom and gloom is not new either. In March, 67% of Americans in the same survey reported feeling incredibly burdened by inflation.
That’s an 8% leap in only four months, and there are still no signs of economic improvement.
In fact, an even larger portion of the population (77%) believes America will enter into a recession by the end of this year. When asked about the future of the U.S. economy, 61% of middle-class Americans said conditions will likely be worse one year from now. Only 14% of respondents claimed to have any hope for the economy at all.
Forty-one percent say that inflation is their top concern. Being able to pay for food is the top concern of 26%.
Middle-income Americans have been forced to make serious cuts in household budgets as a result of dragging inflation. Of the respondents, 71% claimed they could no longer afford to eat at restaurants, up from 57% in March.
Sixty-nine percent of respondents claimed to have cut back on cell phone upgrades, opting for their existing technology in an effort to save money, up from 44%.
The price of groceries has also become a massive problem, and 49% of those polled said they have been forced to cut back on food shopping.
Saving accounts have been drained, credit cards maxed out, and a new interest rate hike promises to keep us on the hook for years to come.
And all for what?
Author: Vasily Ivanov