Bidenomics is criticized for leading to higher prices and interest rates, impacting families. The average 30-year fixed mortgage rate has doubled since Biden took office, affecting homebuyers. Car payments have also increased. Critics argue that high interest rates are hindering people from achieving the American dream, with the Federal Reserve maintaining rates due to Bidenflation. The cost of living has skyrocketed under Bidenomics, potentially leading to unconventional living arrangements. High interest rates are particularly challenging for poorer Americans, exacerbating financial strains caused by rising prices, diminishing savings, and stagnant wage growth.
Bidenomics👇 “For families already strained by high prices, dwindling savings and slowing wage growth, increased borrowing costs are pushing them closer to the financial edge.” High Interest Rates Are Hitting Poorer Americans the Hardest - NYT https://t.co/TevZJqgpZ8
🇺🇸BIDENOMICS: COST OF LIVING SKYROCKETS Living on a bus may become more normal than you think… https://t.co/XeFzSea9e7
#Bidenflation has made the Federal Reserve keep interest rates high, keeping people from achieving the American dream. #Bidenomics has failed the nation again. https://t.co/dPQ1aC6Jk7
Unfortunately, #Bidenomics continues to burden American families. https://t.co/E3x5fYgKIO
“Bidenomics” means higher prices and higher interest rates. What do higher interest rates mean for families? ❌ Trying to buy a home? The average 30-year fixed mortgage rate has more than doubled since Biden took office. ❌ Trying to buy a car? The average car payment has…