While Inflation Soars And Your Retirement Savings Is Being Hammered While In-Between Licks Of His Ice Cream Cone Biden Says “I’m concerned about the rest of the world.”
The analysis was done by conservative economists Stephen Moore and EJ Antoni, who said that the balance of Americans’ 401ks will ‘ruin your whole day, week and month.’ Moore and Antoni note that inflation has been going at 8 percent for the past seven months, despite the White House claiming things were temporary. They argued that over the past 20 months, the average American family has lost nearly $6,000 in ‘purchasing power’ due to the rise in prices over wages.