Real wages have declined significantly
By 
(CONSERVATIVE BRIEF) – President Joe Biden’s approval rating for a basket of issues is underwater, but he routinely gets the worst marks for the state of the economy during his term.
While he and the White House tout “Bidenomics” — a basket of economic policies the president has pursued — as a resounding success, the hard data says otherwise.
Real wages have declined during President Joe Biden’s term, leading to a dramatic increase in the number of Americans living below the poverty line, according to a new U.S. Census Bureau report.
The report, released last week, found that in 2022, the number of Americans living under the poverty level had risen to 12.4 percent, up from 7.8 percent in 2021.
Democrats controlled both chambers of Congress and the White House during Biden’s first two years in office, passing astronomical spending bills that many economists correctly predicted would lead to massive inflationary increases that continue to this day. Meanwhile, the administration has touted Bidenomics as a success as he heads into reelection mode.
The New York Post, citing the report, added: “You aren’t just imagining it: Your paycheck didn’t go as far last year as it did the year before — or the year before that. Inflation surges outpaced the average pay raises of US workers in 2022 — the third consecutive year under President Joe Biden in which Americans have seen their standard of living take a tumble, according to fresh data from the US Census Bureau. Inflation-adjusted median household income fell to $74,580 in 2022 — a 2.3% decline from the 2021 average of $76,330, the federal agency reported on Tuesday.”