'The average family in America has lost nearly $6,000 in purchasing power'
By Bob UnruhThat's trillions of dollars that used to be in their retirement accounts and now – is gone.
It's all tied to the crashing American stock market under Biden's agenda.
Under President Reagan, that market was up 25%, under George H.W. Bush 50%, under Bill Clinton 75%, and it fell under George W. Bush, 13%, largely because of the cataclysmic 911 tragedy.
Under Barack Obama it was up 83% in eight years. Donald Trump was en route to a better performance, up 67% in just four years.
Under Joe Biden, it's fallen.
Actually collapsed, according to a commentary from Stephen Moore and E.J. Antoni.
They reveal, in the New York Post, that the average American has lost $34,000 under Biden.
That's certainly a small amount for the Biden family business operations, with their millions and millions of dollars in income from various overseas sources, but for families on a salary with a mortgage and college bills, it's a lot.
The Post commentary said, "Have you taken a peek at the balance in your 401(k) retirement accounts lately? Here’s our advice: Don’t bother. It will ruin your whole day, week and month. Here’s why: