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Americans Have Lost $4.2K In Income Under Biden, Study Says

At a glance

  • The average American has lost $4,200 in annual income since President Biden took office.
  • Americans have lost about $3,000 in annual purchasing power because consumer prices have risen 12.7 percent since January 2021.
  • Wages have risen just 8 percent over the same period, effectively resulting in a pay cut for Americans struggling to pay for daily necessities, including food, gas, and rent.

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