Getty Images Real economic growth has been steady for months, and inflation has been trending downward from historic highs during President Joe Biden’s first couple of years in office, but that is nothing to celebrate for the vast majority of working Americans, according to a new report.
CNN noted in a Saturday report that behind these positive economic indicators, “a frustrating reality persists: Life is far too expensive for far too many.”
The country is grappling with a long-standing cost of living dilemma, spanning from historically unaffordable housing markets and budget-straining daycare expenses to elevated car prices, much of that driven by sky-high interest and mortgage rates.
In short, “Bidnenomics” — the nickname the White House has given to Biden’s economic policies — isn’t working for most Americans.“Parents of young children are making difficult choices to afford child care — or they’re opting to evade it by dropping out of the workforce […]
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