It might not come as a surprise to Americans, who are feeling more financially strained than ever, but it’s fairly clear: “Bidenomics” is not fixing the economy, and the “experts” are not telling the truth.
Glenn Beck is well aware.
“Apparently,” he says sarcastically, “we’ve not been told the truth.”
As inflation and mortgage rates have skyrocketed to over 7% and APR on credit cards has shot to north of 20%, most Americans can’t help but recognize and feel the effects of “Bidenomics.”
“This has put 61% of U.S. consumers into a paycheck to paycheck. That’s two percentage points higher than it was in June,” Glenn notes.
78% of Americans who are low-income consumers and earn less than $50,000 are also living paycheck to paycheck, which is up 4% from 74% as recorded as recently as July.
65% of American consumers earning between $50,000 and $100,000 per year are living paycheck to paycheck.
Even Americans who make over $100,000 a year have seen an increase, with 44% living paycheck to paycheck.
“That’s disturbing,” Glenn says, “when you have a great number of our fellow Americans, over half, not able to afford a meal or a payment if that paycheck stops, especially when you look at what is happening.”
Glenn says that while the Biden administration touts the jobs numbers in America, they’ve been revising all the numbers.
“They’ve overestimated the job number every single month, sometimes by a hundred and some thousand.”
According to the U.S. Bureau of Labor Statistics, between July and August, there was a decrease of 1.223 million native-born people in the workforce. However, when it comes to foreign-born workers in the same period, the number increased by 688,000.
“So, people born here in America are losing their jobs, and those who are coming across the border are gaining those jobs,” Glenn says.
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