Bidenflation Forcing People To Come Out of Retirement

Joe Biden’s economy has made life worse for everyday Americans.

Many are warning that a recession might be coming. For the first quarter of 2022, The United State’s Gross domestic product declined 1.4% – this is the worse since the beginning of the pandemic.

NBC reported:

Gross domestic product unexpectedly declined at a 1.4% annualized pace in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday.

TRENDING: WATCH: Dinesh D’Souza Speaks At Save America Rally In PA: “In This Movie, We Show That There Are At Least 400,000 FRAUDULENT VOTES – TRUMP WON THE 2020 ELECTION”

The negative growth rate missed even the subdued Dow Jones estimate of a 1% gain for the quarter, but the initial estimate for Q1 was the worst since the pandemic-induced recession in 2020. GDP measures the output of goods and services in the U.S. for the three-month period.

Inflation is also hurting Americans.

Inflation in March increased 6.6% – this is a 40-year-high.

CNN reported:

Americans had to reach deeper into their pockets in March, as yet another key inflation index showed prices hit a fresh 40-year high.

The Personal Consumption Expenditures price index increased by 6.6% for the year ended in March, the Commerce Department reported Friday. It was the highest rate since the period ended January 1982, outpacing the figure from February.

Many Americans are now being forced into unretirement due to rising prices and a higher cost of living.

3.2% of workers who were previously retired are now back in the workforce according to Indeed.

The Daily Wire reported:

Americans are leaving retirement due to inflation and a tight job market, according to data released last month by job platform Indeed.

According to Bureau of Labor Statistics data, the number of retired seniors surged from 28.3 million in February 2020 to 31.6 million in October 2021, however, higher price levels and other economic challenges are now forcing Americans into “unretirement.”

Leave a Reply

Your email address will not be published. Required fields are marked *