Retirees' Social Security checks have lost significant buying power

Article Title: Retirees' Social Security checks have lost significant buying power
Snippet of Article: "Inflation has taken a toll on seniors' ability to make ends meet, as annual cost-of-living adjustments fail to keep up. ...Retirees would need, on average, a $370 monthly boost in their Social Security checks to make up for a 20% loss of buying power since 2010.

That means today’s average monthly benefit of $1,860 for retired workers would need to rise to about $2,230, according to a new report from the Senior Citizens League, a nonpartisan group.

The spoiler: inflation. ..."

Source: yahoo.com

[tag] Democrats do nothing to help retirees and they are in power now!, Inflation has destroyed boomer retirees, Root Causes of Inflation is Democrat Rule, Do Nothing Democrats, [/tag]

Home Insurance Inflation | Rising home insurance costs are challenging would-be buyers and home owners

Article Title: Rising home insurance costs are challenging would-be buyers
Snippet of Article: "...Rising home insurance costs are putting the pinch on would-be homebuyers already challenged by soaring home prices and elevated interest rates. About 72% of U.S. homeowners said their policy premiums have increased over the past year, according to a survey by Redfin Corp. Furthermore, about 8% of those surveyed said their insurance company stopped offering coverage for their home, and another 9% of homeowners said they are worried their insurer may stop offering coverage. ..."

Source: www.bizjournals.com

[tag] Home Insurance Crisis,Bidenomics, Inflation, [/tag]

Bidenomics | Biden's big inflation problem: Prices are now up nearly 20% since he took office

Article Title: Biden's big inflation problem: Prices are now up nearly 20% since he took office
Snippet of Article: "...Inflation cooled slightly in April, but even the slower price increases revealed this week still added to a tally that is perhaps the Biden campaign's most intractable economic challenge in the 2024 campaign season. Prices as measured by the seasonally adjusted Consumer Price Index (CPI) are now up over 19.4% in the three-plus years since Biden took office...."

Source: yahoo.com

[tag] Inflation,Bidenomics, [/tag]

illegal immigration crisis is contributing to lack of affordable housing in US

Article Title: Musk says illegal immigration crisis is contributing to lack of affordable housing in US
Snippet of Article: "...Billionaire Elon Musk weighed in on the economic impacts of illegal immigration in a series of posts on social media as he criticized the Biden administration's handling of the border crisis. Musk took to X to call out a variety of services and benefits that illegal immigrants have access to in the U.S. and argue they're contributing to the housing affordability crisis. A few other things you probably don't know: illegals in America can get bank loans, mortgages, insurance, driver's licenses, free healthcare (California, New York) and in-state college tuition, Musk wrote. What's the point of being a citizen if an illegal gets all the benefits, but doesn't pay taxes or do jury duty? If you're wondering why housing is so expensive, this is a major contributor..."

Source: www.foxbusiness.com

[tag] Root Causes of Inflation, The Democrat Years, Bidenomics, Housing affordability crisis, Destruction of Retirees, [/tag]

Equal COLA Act Needed as Federal Retirees Continue to Get Different COLA Rates

Article Title: Equal COLA Act Needed as Federal Retirees Continue to Get Different COLA Rates
Snippet of Article: "...Under current law, the COLAs for Social Security, CSRS, and FERS are all calculated based on the rate of inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). If CPI is 2% or less, the FERS COLA is the same as the CSRS and Social Security COLA. But if the CPI is between 2.01% and 3%, the FERS COLA is 2%. If the CPI is greater than 3%, then the COLA for FERS is 1% less than the CSRS COLA. ..."

Source:

[tag] CSRS vs. FERS, Age Discrimination in Federal Retirement, Biased Government, Equal COLA Act, [/tag]

University of Michigan Consumer Sentiment Index

Article Title: Consumer Sentiment Drops to 6-Month Low on Inflation, Unemployment Fears
Snippet of Article: "...U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest rates, as well as fears that unemployment could rise.

The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, dropped to 67.4 this month..."

Source: www.newsmax.com

[tag] University of Michigan Consumer Sentiment Index, [/tag]

Biden pays the price for causing runaway inflation as Americans are buried in bills

Article Title: Biden pays the price for causing runaway inflation as Americans are buried in bills
Snippet of Article: "...Is the Democratic Party incurably out of touch? On MSNBC Wednesday morning, Rep. Jim Clyburn (D-SC), who delivered black primary voters and secured Biden the Democratic presidential nomination in 2020, was gushing praise for Biden and denouncing complaints about inflation as “disinformation” from social media.

The host interrupted him to announce the report of the higher inflation number.

At a brief press conference Wednesday, Biden boasted the inflation rate isn’t as bad as earlier in his presidency.

Biden vindicated himself by falsely claiming “inflation was skyrocketing” when he took office in early 2021. Actually, the rate was 1.4% — less than a third of the current 4.8% annualized rate based on last month’s data. ..."

Source: nypost.com

[tag] Democrat Rule Failures, [/tag]

March 2024 CPI Report: Inflation Comes In Hot, Dashing Hopes for Fed Rate Cuts

Article Title: CPI Report: Inflation Comes In Hot, Dashing Hopes for Fed Rate Cuts
Snippet of Article: "The consumer price index climbed 3.5% year over year in March, according to data released today by the Bureau of Labor Statistics, faster than February's 3.2% pace. Economists surveyed by FactSet had expected an annual increase of 3.4%. The strong pace was driven by upticks in the cost of housing and gasoline. Core inflation came in at 3.8% year over year in March..."

Source: www.barrons.com

[tag] Why does inflation always rise under the Democrat Party rule, Bidenomics, [/tag]

Inflation | Oil prices hit 6-month high, igniting inflation fears and economic uncertainty

Article Title: Oil prices hit 6-month high, igniting inflation fears and economic uncertainty worldwide
Snippet of Article: "...Oil prices hit 6-month high, igniting inflation fears and economic uncertainty worldwide..."

Source: aninews.in

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What To Expect From March’s CPI Inflation Report | Not Good Again

Article Title: What To Expect From March’s CPI Inflation Report
Snippet of Article: "...The CPI report for March 2024 will be released by the Bureau of Labor Statistics on April 10 at 8:30 a.m. ET. As of February’s CPI report, annual inflation is 3.2%, or 3.8% excluding food and energy. That data compares with the FOMC’s annual inflation target of 2%.

Nowcasts currently suggest March inflation data will come in at 0.34% for CPI and closer to 0.25% for PCE. Stripping out food and energy prices, the corresponding nowcasts are currently 0.31% and 0.23%, respectively. These inflation nowcasts are modeled by the Federal Reserve Bank..."

Source: www.forbes.com

[tag] March 2024 CPI, Bidenomics,Inflation,The Biden Years,Destruction of Retirees, [/tag]

Inflation | Oil Prices Soar

Article Title: Oil prices are rising despite a rough start to 2024
Snippet of Article: "...Oil's bumpy start in 2024 has turned into a steady climb in recent weeks, with futures for West Texas Intermediate (CL=F) and Brent (BZ=F) up more than 9% and 7% year to date, respectively.Oil's bumpy start in 2024 has turned into a steady climb in recent weeks, with futures for West Texas Intermediate (CL=F) and Brent (BZ=F) up more than 9% and 7% year to date, respectively. On Friday, WTI traded above $78 per barrel while Brent hovered above $83 per barrel, both on pace for their fourth weekly gain out of the past five. ..."

Source: finance.yahoo.com

[tag] Inflation [/tag]

Job openings slide to 8.7 million in October, well below estimate, to lowest level since March 2021

Article Title: Job openings slide to 8.7 million in October, well below estimate, to lowest level since March 2021
Snippet of Article: "...Job openings tumbled in October to their lowest in nearly 2½ years, a sign that the historically tight labor market could be loosening. Employment openings totaled 8.73 million for the month, a decline of 617,000, the Labor Department reported Tuesday. The number was well below the 9.4 million estimate..."

Source: www.energyexch.com

[tag] U.S. Job Openings October 2023, The Biden Years, Jobs,Employment,Biden Legacy,Bidenomics, [/tag]

Bidenomics | US new home sales fall more than expected in October

Article Title: US new home sales fall more than expected in October
Snippet of Article: "...New home sales dropped 5.6% to a seasonally adjusted annual rate of 679,000 units last month, the Commerce Department said on Monday. September’s sales pace was revised lower to 719,000 units from the previously reported 759,000 units. ..."

Source: www.oann.com

[tag] Bidenomics,Home Sales (The Biden Years),American economy,30-year fixed-rate mortgage Oct. 2023,Root Causes of Inflation,Mortgage Rates Under Biden, [/tag]

Bidenomics | Biden slammed for bragging he is bringing prices down - even though they are UP since he entered office

Article Title: Biden slammed for bragging he is bringing prices down - even though they are UP since he entered office
Snippet of Article: "FACT: Since Biden took office, airfare is up 21%, Thanksgiving dinner was up 25%, and gas prices are $0.86/gallon higher ...Inflation may have slowed and some prices may have dropped since last year, but most prices are still higher than they were before the pandemic. ...inflation raced out of control because of Biden's stimulus spending."

Source: www.dailymail.co.uk

[tag] Destruction of Retirees,destruction of the working class,Destruction of America,Destruction of U.S. Eldery,Bidenomics,Biden Legacy,Inflation, [/tag]

Biden Influence on Inflation | Owning a New Car Out of Reach for U.S. Working Class After Huge Union Pay Increases,

Article Title: Biden speaks with UAW head after tentative deals struck with Big Three
Snippet of Article: "The agreement, which must still be approved by union members, would include a 25 percent general pay increase over the course of a four-year contract, increased retirement benefits and more paid leave. “I applaud the UAW and the leaders of the automobile companies for agreeing that all the workers on strike and all of those who were walking the picket lines on behalf of their UAW brothers and sisters can go back to work immediately, even before the vote is taken,” Biden said. ..."

Source: www.valleycentral.com

[tag] Bidenomics,Bankrupting of America,destruction of the working class,Destruction of Retirees, Destruction of Middle Class,Biden Legacy, [/tag]

Bidenomics | West Texas Intermediate crude (WTI) Hits $90 a Barrel

Article Title:
Snippet of Article: "...Oil prices jumped on Thursday, with U.S. crude topping $90 a barrel, as expectations of a tighter supply grew. West Texas Intermediate crude (WTI) gained 1.6% to reach a high of $90.04 per barrel, touching its highest level since November 2022. Brent crude was up 1.5%, at $93.23, reaching a 10-month high. ..."

Source: twitter.com

[tag] Biden Energy Prices,Bidenomics,Biden Legacy,West Texas Intermediate crude (WTI),Root Causes of Inflation,Inflation,Biden Admins Attack om U.S. Oil Industry,Destruction of America, [/tag]

Biden Admin Continues Attempts To Increase Fuel Prices For America

Article Title: Biden admin quietly reverses Trump-era rule, bans transporting fossil fuels by train
Snippet of Article: "The Biden administration quietly rescinded a Trump-era regulation allowing companies to transport liquefied natural gas (LNG) via rail in a victory for environmental groups. ... "

Source: www.foxnews.com

[tag] Bidenomics,Biden Admin Fails,Biden Legacy,Destruction of American Independence, Inflation, Fuel Costs Under Biden Admin (2023) , liquefied natural gas (LNG), [/tag]

Biden Inflation Watch 2023 | The Average Cost of Homeowners Insurance in August 2023

Article Title: The Average Cost of Homeowners Insurance in August 2023
Snippet of Article: "The average annual cost of homeowners insurance in the United States is $2,417.10. Home insurance premiums can vary widely by city, state and ZIP code, so be sure to check the average cost in your area. ..."

Source: www.marketwatch.com

[tag] Average Cost of Homeowners Insurance in August 2023 [/tag]

What is the average rent in the U.S.? Shrinking apartmet sizes

Article Title: What is the average rent in the U.S.?
Snippet of Article: "The average rent for an apartment in the U.S. is $1,702. The cost of rent varies depending on several factors, including location, size, and quality. ...The average apartment size in the U.S. is 897 square feet..."

Source: www.rentcafe.com

[tag] Average rent in the U.S. (August 2023),Bidenomics,Biden Legacy,Inflation 2023, [/tag]

Average transaction price of a new car in December of last year reached $49,507

Article Title: What Does the Average New Car Cost Now?
Snippet of Article: "...According to Kelley Blue Book, the average transaction price of a new car in December of last year reached $49,507..."

Source: www.autolist.com

[tag] Average New Car Transaction Price (Dec. 2022),Inflation,Destruction of America,Bidenomics,Biden Legacy, [/tag]