Heritage Foundation Analysis Finds Americans Have Lost $4,200 in Income Due to Inflation

Heritage: New economic numbers show that the average American has lost the equivalent of $4,200 in annual income under the Biden administration because of inflation and higher interest rates… Under former President Trump’s low-inflation economy, the average American worker’s real annual earnings increased by $4,000. That has been completely wiped out in about a year and a half under the Biden administration (Heritage). 

Daily Mail: Wage growth in the U.S. has risen to its highest in years, but most American workers say their pay increases are not keeping pace with the rise in costs of everyday goods (Daily Mail).