Staff Reports
A new study by LendingClub has found that a whopping 62% of Americans are living paycheck to paycheck during the holiday season in President Joe Biden’s America. This not-so-jolly news raises concerns that “Bidenomics” has failed to help the average American. It’s no wonder that a recent poll shows that only 14% of voters think Biden’s economic policies have actually helped them, while a whopping 85% believe they have either hurt them or made no difference.
REPORT: Bidenomics; 62% Of Americans Living Paycheck To Paycheck During Holiday Season! https://t.co/ARji8o5vPL
— John Basham (@JohnBasham) December 19, 2023
The study also revealed that the number of people struggling to make ends meet has actually increased since March. Back then, it was only 58% of adults living paycheck to paycheck, and now it’s jumped to 62%. Yikes! And get this, even people with super-prime credit scores are finding it difficult to keep up with their expenses.
It’s not just the average Joe who’s feeling the heat. Even folks who own credit cards are feeling the pinch. A whopping 57% of credit card holders are also living paycheck to paycheck.
CNBC reports that Americans drowning in credit card debt still plan to overspend this holiday season. A TD Bank survey found that a staggering 96% of shoppers expect to splurge, despite already having over $1 trillion in credit card debt.
A Wall Street Journal poll shows that a majority of Americans believe that former President Donald Trump’s economic policies actually benefited them. Forty-nine percent of voters said Trump’s policies personally helped them, while only 23% said the same for Biden’s policies.
With more and more Americans struggling to make ends meet and a majority believing that Trump did a better job with the economy, it’s clear that Biden’s policies aren’t cutting it.
