BIDENOMICS, IT’S WORKING! Poor Americans Skip Meals, Can’t Afford Power Bills, Miss Rent Payments, In Era Of ‘Bidenomics.’

This leaves us with a Bloomberg report citing fintech startup Propel, an app aimed at Supplemental Nutrition Assistance Program (SNAP) recipients, that reveals an increasing number of Americans are struggling to pay rent and put food on the table.

Among households using the Supplemental Nutrition Assistance Program’s boosted pandemic benefits, 42% skipped meals in August and 55% ate less because they couldn’t afford food, more than double last year’s share, according to a Wednesday report from Propel Inc., a benefits software developer.

Bloomberg said:

The data also highlight that households were worse off in August from just a month ago. Since July, an increasing share of low-income households had utilities shut off, couldn’t afford the prior month’s utility bill or couldn’t afford rent. More than two-thirds of those surveyed who were receiving boosted SNAP payments said they had some form of debt.

Propel’s alarming report is an eye-opener, considering we’ve pointed out that mid/low tier consumers have depleted savings and racked up insurmountable credit card debt to make ends meet in the era of ‘Bidenomics’ inflation.

It isn’t so easy for the middle class, either.