Keyword: annualincome https://freerepublic.com/tag/annualincome/ en-us Fri, 23 Sep 2022 18:56:50 GMT Focus Forum 15 Americans have lost an average of $4,200 in annual income since Biden took office: Study lays bare how gains under Trump have been wiped out - while crippling inflation has sent prices surging https://freerepublic.com/focus/f-news/4095563/posts The average American has lost $4,200 in income due to soaring inflation and rising interest rates, according to an analysis by the Heritage Foundation. Experts at the right-leaning think tank analyzed consumer prices data and the Federal Reserve's interest rates. Consumer prices have risen 12.7 percent since 2021, far outpacing wages and Heritage experts believe this has cost Americans about $3,000 each in purchasing power. As the Fed pushes interest rates to a range of 3-3.25 percent, higher borrowing costs are squeezing Americans on mortgages, vehicle loans and credit cards, costing another $1,200 per year. UK Daily Mail https://freerepublic.com/focus/f-news/4095563/posts#comment Fri, 23 Sep 2022 18:56:50 GMT