{"id":51927,"date":"2023-09-12T14:36:04","date_gmt":"2023-09-12T18:36:04","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=51927"},"modified":"2023-09-12T14:36:04","modified_gmt":"2023-09-12T18:36:04","slug":"bidennomics-at-work","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=51927","title":{"rendered":"Bidennomics At Work"},"content":{"rendered":"

On September 12, The Washington Examiner<\/a> reported the following:<\/p>\n

Median household incomes peaked at $78,250 in 2019, the year before the pandemic. They declined in 2022 to $74,580, a year that saw inflation soar, undercutting household purchasing power.<\/strong><\/p>\n

“Despite nominal gains, historically high inflation resulted in a decline in real median household income,” said Liana Fox, assistant division chief for economic characteristics in the Census Bureau\u2019s Social, Economic, and Housing Statistics Division.<\/strong><\/p>\n

That’s about a $300 a month decrease.<\/p>\n

The article continues:<\/p>\n

The figures released on Tuesday showed that poverty was flat, with about 11.5% of the population, or 38 million people, below the poverty line, which was $29,678 for a family of four.<\/strong><\/p>\n

The bureau also reported a jump in child poverty by one metric, the supplemental poverty measure, or SPM, from 5.2% to 12.4%. The increase was attributable in large part to the expiration<\/a> of the temporary expanded child tax credit implemented by Democrats and President Joe Biden as a form of pandemic relief. The SPM, unlike the official poverty measure, includes tax credits in calculating household resources.<\/strong><\/p>\n

The question that needs to be asked in next year’s election is, “Are you better off now than you were four years ago?”<\/p>\n","protected":false},"excerpt":{"rendered":"

On September 12, The Washington Examiner reported the following: Median household incomes peaked at $78,250 in 2019, the year before the pandemic. They declined in 2022 to $74,580, a year that saw inflation soar, undercutting household purchasing power. “Despite nominal … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[16736,8123,6341,2720],"class_list":["post-51927","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bidenomics","tag-inflation","tag-median-household-income","tag-the-washington-examiner"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/51927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51927"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/51927\/revisions"}],"predecessor-version":[{"id":51928,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/51927\/revisions\/51928"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}