Two-Thirds of Americans Say Bidenflation Is Eating Through Their Savings

Posted on AllSides June 17th, 2022
From The Right
ANALYSIS

Two-thirds of Americans say inflation is forcing them to stop saving and dip into their reserves, a Monday Forbes survey showed.

Under the Biden administration, rising prices have caused 67 percent of Americans to take money out of their savings accounts. Americans had saved around $2.5 trillion during the COVID-19 pandemic. Higher consumer prices and lower wages have caused 36 percent to spend a small amount from their savings, 23 percent to substantially deplete their savings, and 8 percent to completely drain their savings.

As fears of an impending recession rise, nearly three-quarters of Americans...

Read full story

Washington Free Beacon

AllSides Media Bias Rating: Right
AllSides Media Bias Rating: Right
106691/84298
See full bias rating for Washington Free Beacon
Learn about media bias
https://freebeacon.com/biden-administration/two-thirds-of-americans-say-bidenflation-is-eating-through-their-savings/

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right