BIDENFLATION: Worse Off Now? Real Wages Have Declined Since Nov. 2020.

A test that Kamala Harris, as the de-facto incumbent, apparently failed to pass.

As Statista’s Felix Richter reports, according to exit polls, 46 percent of voters in key states said that their family was worse off now than it was four years ago, the highest ever in presidential exit polls. But is that really true or are we seeing what some economists described as a “vibecession”, i.e. an overly negative perception of an economy that is doing alright?

While the U.S. economy has come through the inflation crisis relatively unscathed, with robust growth, low unemployment and high stock prices, many American families have not.

Or at least it hasn’t felt that way.

The main problem with inflation is the fact that it hits consumers right where it hurts: the wallet.

It hits retirement portfolios, too, which on average have barely budged since Biden was sworn in but grew 16% during Trump’s first three years, before the COVID lockdown madness ruined everything.