Bidenomics Fails: Families Struggle Under Economic Burden
Submitted by MAGA
Posted 1 day ago
**Crisis Unfolds: The Economic Impact of Bidenomics Wreaks Havoc on American Households**
The American economy is teetering on the brink, burdened by the fallout of four years of misguided policies known as "Bidenomics."
As we delve into the data, the signs of a struggling economy are abundantly clear.
Sales of existing homes in 2024 plunged to the lowest level recorded since 1995, resulting from persistently high mortgage rates.
The average rate for a 30-year fixed mortgage has hovered between 6% and 8%, making homeownership unattainable for many Americans.
Many families are feeling the strain as costs related to homeownership continue to escalate, coupled with skyrocketing insurance rates and property taxes.
Homebuyer demand has significantly dwindled, with pending home sales dropping by 4.5% month-over-month, marking the largest decline in over two years.
Undeniably, these statistics present a grim picture for American families struggling to make ends meet.
Furthermore, the burden of debt is weighing heavily on consumers, with the share of credit card accounts making only minimum payments reaching a 12-year high.
Increasing financial pressures are evident as 59% of Americans reported being unable to comfortably cover a $1,000 emergency expense.
From soaring food prices to rising household income requirements for home purchases—where a household income of $126,764 is now required, compared to just $39,223 in January 2012—Biden's administration has left many feeling vulnerable and disillusioned.
Even businesses are suffering the consequences, with chain restaurant bankruptcies surging to unprecedented levels, denoting a lack of consumer confidence and spending power.
These economic trials pose significant challenges for Americans and serve as stark reminders of what they want to avoid moving forward.
As such, Donald Trump stands ready to reclaim the Oval Office in 2025, confident in his ability to reverse the detrimental trends instigated by the current administration.
Trump's previous tenure brought stability and growth to the economy, and as many Americans are now yearning for a return to those prosperous times, his promise to restore fiscal responsibility and entrepreneurial spirit resonates deeply.
The current economic landscape is ripe for change, and many believe that Trump's leadership could usher in significant recovery efforts and economic revitalization.
In a climate where the stakes couldn't be higher, the focus remains on reclaiming a flourishing economy—one that prioritizes the livelihoods of American families and small businesses.
Sources:
discernreport.com
naturalnews.com
granitegrok.com
The American economy is teetering on the brink, burdened by the fallout of four years of misguided policies known as "Bidenomics."
As we delve into the data, the signs of a struggling economy are abundantly clear.
Sales of existing homes in 2024 plunged to the lowest level recorded since 1995, resulting from persistently high mortgage rates.
The average rate for a 30-year fixed mortgage has hovered between 6% and 8%, making homeownership unattainable for many Americans.
Many families are feeling the strain as costs related to homeownership continue to escalate, coupled with skyrocketing insurance rates and property taxes.
Homebuyer demand has significantly dwindled, with pending home sales dropping by 4.5% month-over-month, marking the largest decline in over two years.
Undeniably, these statistics present a grim picture for American families struggling to make ends meet.
Furthermore, the burden of debt is weighing heavily on consumers, with the share of credit card accounts making only minimum payments reaching a 12-year high.
Increasing financial pressures are evident as 59% of Americans reported being unable to comfortably cover a $1,000 emergency expense.
From soaring food prices to rising household income requirements for home purchases—where a household income of $126,764 is now required, compared to just $39,223 in January 2012—Biden's administration has left many feeling vulnerable and disillusioned.
Even businesses are suffering the consequences, with chain restaurant bankruptcies surging to unprecedented levels, denoting a lack of consumer confidence and spending power.
These economic trials pose significant challenges for Americans and serve as stark reminders of what they want to avoid moving forward.
As such, Donald Trump stands ready to reclaim the Oval Office in 2025, confident in his ability to reverse the detrimental trends instigated by the current administration.
Trump's previous tenure brought stability and growth to the economy, and as many Americans are now yearning for a return to those prosperous times, his promise to restore fiscal responsibility and entrepreneurial spirit resonates deeply.
The current economic landscape is ripe for change, and many believe that Trump's leadership could usher in significant recovery efforts and economic revitalization.
In a climate where the stakes couldn't be higher, the focus remains on reclaiming a flourishing economy—one that prioritizes the livelihoods of American families and small businesses.
Sources:
discernreport.com
naturalnews.com
granitegrok.com
Latest News