America’s economy drops; as Biden’s first year ends negative...| MENAFN.COM

Sunday, 29 May 2022 04:53 GMT

America’s economy drops; as Biden’s first year ends negatively


(MENAFN) President Biden's first year as president was not a successful year when evaluated by the amount of workers' salaries, which this committee deems the most significant guideline for measuring the sustainability and strength of America’s economy.

Over the past year, the dollar amounts on workers' paychecks shot up significantly. However, that wasn't adequate for most employees to be able to keep up with the most severe inflation in decades; which reduced the worth of each of those dollars.

From December 2020 until December 2021, the selling capacity of the typical worker's weekly income plummeted by 2.3 percent. The last 20 days of Mr. Biden's first year’s statistics, which are yet to be released, haven’t made any positive alterations to the situation.

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