Staff Reports
A new study by LendingClub has found that a whopping 62% of Americans are living paycheck to paycheck during the holiday season in President Joe Biden’s America. This not-so-jolly news raises concerns that “Bidenomics” has failed to help the average American. It’s no wonder that a recent poll shows that only 14% of voters think Biden’s economic policies have actually helped them, while a whopping 85% believe they have either hurt them or made no difference.
But wait, it gets worse! The study also revealed that the number of people struggling to make ends meet has actually increased since March. Back then, it was only 58% of adults living paycheck to paycheck, and now it’s jumped to 62%. Yikes! And get this, even people with super-prime credit scores are finding it difficult to keep up with their expenses. It seems like Biden’s economy is just not playing nice.
AMERICAN TRAITOR Bidenomics Study: 62% of Americans Living Paycheck to Paycheck During Holiday Season https://t.co/Mm620eehPl pic.twitter.com/lns3ogONsL
— Jerry L Neff (@JerryNeff11) December 19, 2023
And guess what? It’s not just the average Joe who’s feeling the heat. Even folks who own credit cards are feeling the pinch. A whopping 57% of credit card holders are also living paycheck to paycheck. It’s like a holiday horror story!
As if that wasn’t enough to ruin your Christmas spirit, CNBC reports that Americans drowning in credit card debt still plan to overspend this holiday season. A TD Bank survey found that a staggering 96% of shoppers expect to splurge, despite already having over $1 trillion in credit card debt. Talk about living beyond your means!
To make matters worse, a Wall Street Journal poll shows that a majority of Americans believe that former President Donald Trump’s economic policies actually benefited them. Ouch, that has to sting for Biden. I mean, the numbers don’t lie. Forty-nine percent of voters said Trump’s policies personally helped them, while only 23% said the same for Biden’s policies. Looks like Biden has some serious work to do if he wants to win over the American people.
All in all, it seems like Bidenomics is falling flat on its face. With more and more Americans struggling to make ends meet and a majority believing that Trump did a better job with the economy, it’s clear that Biden’s policies aren’t cutting it. Maybe it’s time for Biden to take a long, hard look at his strategy and make some changes. Otherwise, it won’t be a merry Christmas for many Americans this year.
