Changes

Biden recession (view source)

Revision as of 23:53, October 21, 2022

933 bytes added , 23:53, October 21, 2022

no edit summary

Line 7: Line 7:

By August 2022, 1-in-6, or 20 million American households were behind in their electric utility payments, facing termination of service.<ref>https://theconservativetreehouse.com/blog/2022/08/24/horrific-biden-consequence-20-million-american-households-behind-on-electricity-bills-pending-shutoff/</ref> On September 15, 2022 the [[Atlanta]] [[Federal Reserve Bank]] revised its GDP estimate for the third quarter of 2022 downward by more than 1 full point.<ref>https://www.atlantafed.org/cqer/research/gdpnow</ref>

+

In October 2022 the ''New York Post'' reported: "Since the start of this year, 401(k) plans have suffered $2.1 trillion in losses…The average 401(k) plan had over $135,000 at the start of this year. Today, those assets have shrunk on average to about $101,000…In other words, the average 401(k) plan is down about $34,000 — more than 25% in less than one year!...In terms of purchasing power, inflation also has brought the “real value,” in 2021 dollars, of the average 401(k) down another $5,000, from $101,000 to $96,000...More traditional pension funds also are getting flattened by inflation...At the beginning of this year, pensions in the US had $27.8 trillion in assets…Now, it’s under $24 trillion, a drop of about 15% that has wiped out the last two years’ worth of gains — nearly $4 trillion”.<ref>https://nypost.com/2022/10/16/average-american-is-losing-34k-and-everything-else-on-bidens-watch/</ref>

==See also==

RobSmith

Block, Siteadmin, SkipCaptcha, Upload, Automoderated users, delete, edit, move, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, protect, rollback, Administrators, template

295,155

edits