As the 2024 presidential election looms on the horizon, voters find themselves dealing with a question that echoes the words of Ronald Reagan from his iconic 1980 debate with Jimmy Carter.
Reagan famously asked, “Are you better off than you were four years ago?”
Now, over four decades later, we have to ask ourselves the same question. Are we better off than four years ago?
Bubba Atkinson, in a recent edition of Bubba News, drew attention to a brutal chart that compares the economic performance under the Trump and Biden administrations.
The chart, sourced from a Wall Street Journal article and data from the St. Louis Federal Reserve, spotlights the “Change in household net worth since start of presidency” for both leaders.
Here’s how Bidenomics has affected the average American in one brutal chart:
Under Trump’s leadership, household net worth experienced significant growth, reflecting a period of relative prosperity and financial stability for many Americans.
However, the transition to the Biden administration tells a different story.
As the chart reveals, the Biden era has been marked by a sharp decline in household net worth, a trend that can be largely attributed to the rampant inflation that has gripped the nation.
Dubbed “Bidenflation” by critics, this economic phenomenon has eroded the purchasing power of the average American, leaving many struggling to make ends meet.
