It is a decline in over 30,000 dollars of net worth for U.S. households. Imagine how much better off YOUR family would be doing if it had that $30,000 back in its own pocket? Inflation – including the cost of goods like gas, milk, bread, and meats, has skyrocketed under Barack Obama. According to the Consumer Price Index, the rate of increase is over 40% higher under Barack Obama than it was during the Bush years. So what we have here is very simple and yes, depressing math, folks. Middle class Americans’ net worth has gone down dramatically, but at the same time, they are being forced to spend much more money for basic necessities like food and gas.
Posted on: Sun, 05 Oct 2014 03:07:23 +0000
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