Staff Reports
In a revealing new survey commissioned by the 85 Fund, it has become clear that the American people are feeling the sting of “Bidenomics” as they approach the holiday season. The results are in, and it’s not looking good for Christmas shopping or retirement plans.
“Ordinary Americans are far worse off than one year ago. Bidenflation has caused a cost-of-living crisis. The Fed's aggressive interest rate hikes in response have made credit more expensive and difficult to attain.” – Alfredo Ortizhttps://t.co/1LOMerqM8a
— Job Creators Network (@JobCreatorsUSA) December 20, 2023
According to the survey conducted by CRC Research, a staggering 49% of respondents feel that they are in a “worse position” to buy presents and celebrate the holidays this year compared to last. Not exactly the holly jolly news we were hoping for. And to make matters worse, 81% of those polled expressed serious concerns about having enough money to retire on, which is especially troubling considering that over half of them are actually contemplating retirement.
The survey also uncovered a disturbing trend of rising credit card balances, a red flag for economic troubles on the horizon. It seems that the financial strain of “Bidenflation” is starting to take its toll on American households, and they are not pleased with the current state of the economy.
Alfredo Ortiz, president and CEO of the Job Creators Network, didn’t mince words when he pointed the finger at “Bidenomics” for the hardships being faced by ordinary Americans. He called out the administration’s claims of a rosy economy, stating that real Americans know otherwise. And who can blame them? With prices soaring higher than ever and the Federal Reserve making credit more expensive, it’s no wonder people are feeling the pinch.
Executive director of Consumers’ Research, Will Hild, echoed these sentiments, emphasizing that American consumers are feeling the strain of inflation and higher prices. He emphasized the need for leaders who prioritize policies that actually benefit consumers and stimulate the economy, rather than policies that drive up costs like some kind of pricey hobby.
