Biden’s Inflation Crisis Is Costing the Average American Family an Extra $175 a Month

Many Americans find it tedious to follow the complexities of financial policy coming out of Washington, D.C. — but everyone takes notice when spending power suddenly shrinks. Consumer prices increased by 5.3 percent in…

IJR SyndicatedOct 8, 20214 min read

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That’s a problem considering the discount chain’s business model specifically offers cheaper goods to depressed communities underserved by grocery stores and big-box retail outlets, according to CNN.

Add to that Dollar Tree — another retail chain that previously sold every item for only $1 or less to the same markets — is now ratcheting up prices for the first time in over 30 years in business.

“Dollar Tree raising prices on some items to above $1 How can Pres Biden still claim inflation not happening?” Iowa Sen. Chuck Grassley pointed out in a tweet last week about the lack of concern from the Biden administration.

“Pres Biden: u can’t spend $6 trillion it’s like throwing gasoline on the inflation fires,” the Republican lawmaker asserted.

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For families like Allison’s and others who live in the real world and far from the ivory towers, these increases are significant and amount to a tax on the middle class.

Moody’s Analytics Chief Economist Mark Zandi estimates a family earning $70,000 annually — the nation’s median income — will spend an additional $175 per month because of inflation that is at a 30-year high.

“That’s the equivalent of a full grocery, electric, or cellphone bill,” Zandi said, according to the New York Post.

The U.S. Census Bureau Household Pulse Survey released Wednesday reported that 26.5 million households found it was “very difficult” to cover living expenses — an increase of 8 percent from August to September.

Politicians were previously successful in hiding their awful economic failures with pedantic discussions such as raising the debt ceiling or between the pages of bloated spending bills — but American families now literally have the receipts to prove how bad things have gotten under Biden.

Besides paying more for food, Americans are now shelling out an average of $3.24 per gallon for gasoline, a price not seen since October 2014.

And just as much of the country is about heading into the chilly autumn and winter months, natural Gas Prices are at their highest level since 2008.

Meanwhile, the Democrats are doubling down on inflationary spending by trying to ram through a $3.5 trillion infrastructure bill that few people outside of Washington want.

Add to it that even as the useless COVID-19 lockdowns have all but vanished in the U.S., the fallout from trapping people in their homes for months on end while starving small businesses continues to feed a stressed Economy.

Unfortunately, Democrats in Washington show little interest in acknowledging the problem, let alone solving it in the midst of all this suffering.

That’s because while the rest of us live in the real America — where hardworking folks do their best to provide for their families plus a few extras on the side if they’re lucky — politicians are insulated from hard times by living off the government dole and the generosity of lobbyists (and more than a few kickbacks).

Biden and his accomplices in the media may be able to hide his other failures with some success, but Americans notice when they’re struggling more and more just to make ends meet — and that won’t be easily forgotten come the 2022 midterm elections.

This article appeared originally on The Western Journal.