We all know how high prices and inflation has gone up, but what about the incomes? It's something that columnist Jeffrey Tucker wrote about in the Epoch Times.
https://www.theepochtimes.com/opinion/what-is-happening-to-incomes-5680808?utm_source=partner&utm_campaign=BonginoReport&src_src=partner&src_cmp=BonginoReport
"It doesn't matter if you're getting $2 instead of $1, if prices have doubled, you know?" Tucker said.
Sadly, most Americans do know.
"We have massively under reporting of inflation, in so far as it effects income" Tucker told KTRH, "And there's just simply no way that raises are keeping up with the inflation data. There's just no way."
He estimates that under Joe Biden, the U.S. dollar has lost at least half it's value over the last 4 years. He notes that many of the increases Americans have experienced are not reflected in the official government numbers, like rising property taxes, car insurance, homeowners insurance, and interest.
We should learn more when the new Census Bureau numbers are released in September.
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