Bet You Haven't Heard This in Your Favorite Media Sources
This was as of December. But the latest report for February will not change the reality of it much if at all. Even adjusting for inflation, Americans have more discretionary money in their pockets now than they did in 2019, before Trump's Pandemic brought us the Trump / Repub Crash and Recession.
[B]Even after accounting for rising prices, the typical American family has more money in their pockets than they did last year.
Mostly True[/B]
[URL]https://www.politifact.com/factchecks/2021/dec/07/joe-biden/do-us-families-have-more-money-their-pockets-now-d/[/URL]
[QUOTE]To zero in on how much Americans have "in their pockets" despite inflation, we turned to a statistic calculated by the federal Bureau of Economic Analysis: Per capita, inflation-adjusted disposable personal income. When we inquired, the White House confirmed to PolitiFact that this was the statistic Biden had in mind.
Disposable personal income refers to wage and salary income, plus government transfer payments like Social Security and unemployment insurance, minus taxes. Its the net of what Americans have left over to pay for all of their needs after theyve paid their taxes. The figure we used is adjusted for inflation and calculated on a per capita that is, a per person basis.[/QUOTE]See, this has to be the case. Why? Because unless there is more money in pockets to buy things, inflation can't possibly occur! Guess what; When we're out of money to spend and buy things, inflation will GO DOWN. I guarantee it. LOL.
Ah, this typical Repub hand-wringing over the "great evil" inflation that occurs when "evil" Dems recover the country from the usual Great Repub Crash and Recession seems to have a magical, mystical hold on some who really don't think it through very well. Or don't want to. And, yep, typically pro-Repub Mainstream Media does very little or nothing to educate them about it.
You could provide sources
[QUOTE=Elvis2008;2661729]Yeah, no way people were better off with Reagan than Carter. The economy under Carter was as good as it is today under Biden. Biden's economy is better than Trump's and Carter's economy was better than Reagan's.
Xpartan, how many times were you dropped as a child?
Was inflation this high under Trump Xpartan? Now go ahead and make your pathetic sorry ass excuses.[/QUOTE]You could, of course, provide sources for your hogwash. But then, you'd have to do [B]research[/B] and read the articles. But everybody knows that is simply too much work for you. So you post opinion and call it fact. No wonder you watch FUX "News" and believe them.
Prince Charles tests positive for Codvd-19
More than 11 royal guardsmen had to hold the prince in restraints as he tried desperately this morning to wake and infect his Mother, the Queen.