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A majority of Americans live paycheck to paycheck in President Joe Biden’s America, a recent LendingClub study found, raising concerns that so-called “Bidenomics” failed to help average Americans.
The high number of Americans struggling to make ends meet appears to confirm polling that shows only 14 percent of voters believe Biden’s economic policies have helped them, while 85 percent think they have either hurt them or made no difference.
Here's a quick look at where we are financially- and a word from Dr. Seuss's Grinch.
Be informed, not misled.
Breitbart News reports that a new survey shows that most Americans are living from paycheck to paycheck---and falling behind financially.
A new LendingClub survey shows 62% of adults in December said they live paycheck to paycheck, up from 58% in March.
- Forty percent of consumers living paycheck to paycheck have super-prime credit scores.
- Fifty-seven percent of consumers who own credit cards are living paycheck to paycheck.
- According to CNBC, Americans who struggle to manage their finances are likely to have credit card debt.
This year, holiday spending from Nov. 1 through Dec. 31 is expected to increase between 3% and 4% over last year to a record total of $957.3 billion to $966.6 billion, according to the National Retail Federation.
Even as credit card debt tops $1 trillion, almost all — or 96% — of shoppers said they expect to overspend this season, a separate TD Bank survey found.
As consumers try to celebrate Christmas in Biden’s economy, polling shows a plurality of Americans believe former President Donald Trump’s economic policies benefited them, a Wall Street Journal poll recently found:
- Forty-nine percent of voters said Trump’s policies personally benefited them.
- Only 23 percent said the same for Biden’s policies.
David Axelrod, a prominent and influential Democrat, says, “You know, job approval down, ratings generally down, most of the comparatives with Trump … not good.”
“You know what I worry about," Axelrod says … "from a Biden standpoint is there are the kinds of things you get when people are starting to rationalize their votes — ‘Oh look, they’re ready to fire Biden, that’s a problem,’” Axelrod continued. “And they just put out another photo op with the Bidenomics sign next to him … It’s just unbelievable to me.”
Conclusion: Why is the Biden Administration continually telling the American public the economy is great when people are suffering financially, and many are struggling to make ends meet?
You and I know the answer to that.
But does spending more make Christmas more real or meaningful.
Dr. Suess wrote:
“And the Grinch, with his Grinch-feet ice cold in the snow, stood puzzling and puzzling, how could it be so? It came without ribbons. It came without tags. It came without packages, boxes or bags. And he puzzled and puzzled 'till his puzzler was sore. Then the Grinch thought of something he hadn't before. What if Christmas, he thought, doesn't come from a store. What if Christmas, perhaps, means a little bit more.”
Today, on our radio program, I'll be talking further about Christmas---and how much more it means.
Be Informed. Be Discerning. Be Vigilant. Be Joyful. Be Hopeful. Be Blessed.