OPINION: Biden's inflation means everything is sky-high for Americans this year
Fox News' Grady Trimble shares the prices of different items for the typical American Fourth of July celebration, which will increase by 17% this year.Bidenflation cost
the average American household an estimated $635 last month alone. That’ll be more than $7,600 over the next year, even if prices stop increasing altogether. To cope with rising prices, millions of Americans are dipping into their savings to make ends meet. Eight percent have "completely drained their savings" and 23% have "depleted a substantial amount" of their savings account, according to a Forbes Advisor survey. Inflation is hitting young Americans particularly hard; just 20% of Americans aged 26-41 say they haven’t touched their savings, and 60% of 18-34 year-olds report having "reduce[d] contributions to their savings.
The worst part about all of this is that it didn’t have to be this way. Not only did Biden squander the economic recovery he inherited, he’s used every opportunity to double down.
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