Bidenomics Strikes Another Inflation Blow to Retirees and the Middle Class

Title: US Inflation Rises in February in Sign Price Pressures Remain Elevated

Article Snip: "Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge...Prices rose 0.4% from January to February, higher than the previous month's figure of 0.3%, the Labor Department said Tuesday. Compared with a year earlier, consumer prices rose 3.2% last month, faster than January's 3.1% annual pace.

Excluding volatile food and energy prices, so-called "core" prices also climbed 0.4% from January to February... "

Reference: www.voanews.com
Bidenomics,Inflation,Feb. 2024 CPI, CPI,Persistent Inflation Under Biden,

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‘Unconscionable’: Baby boomers in America are becoming homeless at a rate ‘not seen since the Great Depression’

Title: ‘Unconscionable’: Baby boomers in America are becoming homeless at a rate ‘not seen since the Great Depression’

Article Snip: "...Many baby boomers across the country are now coming to terms with the hard reality that working for your entire adult life is no longer enough to guarantee you’ll have a roof over your head in your later years. ...the over-50 demographic represents half of the homeless single adults in the U.S. — with no sign of their numbers slowing, leaving baby boomers (those aged 57 to 75) particularly vulnerable. “Elderly homelessness has been rare within the contemporary homeless problem. We’ve always had very few people over 60 who’ve been homeless historically. ...older adults on fixed incomes are struggling to scrounge up what they need to cover basic necessities."

Reference: yahoo.com
Bidenomics,Inflation is destroying Social Security recipients,Destruction of Seniors,Destruction of the Working Class,

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Bidenomics Fail | Moody’s Cuts Outlook on U.S. Credit Rating

Title: Moody’s Cuts Outlook on U.S. Credit Rating

Article Snip: "...Investors Service changed its outlook on the U.S.’s credit rating to negative from stable late Friday. The ratings firm cited the federal deficit as a “key driver” behind the action. ..."

Reference:
Bidenomics,U.S. Credit Rating, Federal Deficit (2023), Moody’s,

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Social Security Cuts: 4 Programs and Services for Boomers Struggling in Retirement

Title: Social Security Cuts: 4 Programs and Services for Boomers Struggling in Retirement

Article Snip: "...As baby boomers age into retirement, many find their financial outlook a little more uncertain than they had hoped. For several years, Congress has debated cuts to Social Security programs that could reduce or close certain services and benefits many boomers rely on. In this article, we’ll discuss potential cuts to Social Security and look at some programs and services that can provide much-needed assistance. With so much uncertainty about Social Security’s future, now is arguably an even more critical time than ever to become familiar with these proposed changes — and plan accordingly...."

Reference: www.gobankingrates.com
Social Security, Boomers Struggling in Retirement, Biden Vs. Social Security,

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Send Joe Biden into retirement

Title: Biden is pursuing the most anti-business economic policies since FDR

Article Snip: " The economy was reeling at a 6.5% annual growth rate. That was given to him on a silver platter by Donald Trump. Today, the economy is actually reeling at a 1% growth rate. Boss Biden gets another Bottomless Pinocchio. How about "unleash prosperity"? Now, that would be my kind of slogan or, how about, "a rising tide lifts all boats"? Trouble with Joe Biden is he's a stick-in-the-mud class warrior. Middle, lower, upper… diversity, equity, inclusion, woke… it's all left-wing gibberish. Biden says his "middle-out, bottom-up, whatever-that-means" is "working." Sure it is, Joe... A couple of new polls out today. YouGov just said 29% of voters approve of his inflation policy, while 61% disapprove. Overall, a recent AP/NORC (University of Chicago) poll says 34% of voters approve of Biden's economic policy — 34%. So, we have a disconnect here between rhetoric and the reality. Or, in terms of "middle-out, bottom-up," real hourly earnings, a.k.a. middle class wages, are falling 3% at an annual rate. Or, real average weekly earnings are dropping at a 5% annual rate. Or, for the bottom quartile of income earners, which is $38,000 a year or less, they've declined by 2.3% under Joe Bidenomics. "

Reference: www.foxbusiness.com
Bidenomics, Biden Economy Fail,Destruction of Retirees,

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The Social Security cost-of-living adjustment for 2024 will be a paltry 3%, analysts estimate — a dramatic drop from 8.7%. But here's one unexpected factor that could bump it higher

Title: The Social Security cost-of-living adjustment for 2024 will be a paltry 3%, analysts estimate — a dramatic drop from 8.7%. But here's one unexpected factor that could bump it higher

Article Snip: "“A major storm impacting the Gulf Coast and nearby refineries will likely lead to a spike in gas prices for a few weeks,” AAA spokesperson Andrew Gross told CNBC. Such circumstances could affect the 2024 COLA. “The COLA estimate will go up if the price of gasoline jumps considerably,” Mary Johnson, Social Security and Medicare policy analyst at The Senior Citizens League (TSCL), told the news outlet. “The COLA estimate might go down if gas and oil prices drop.”..."

Reference: yahoo.com
WTI vs. CPI vs. COLA, Bidenomics,Inflation 2023,Destruction of Retirees,

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Huntsville Alabama | A City Council That Is Attempting to Increase Water Rates by 35%

Title: Huntsville Utilities proposes 35% water rate increase

Article Snip: "Huntsville city council members held a first reading for a proposal allowing Huntsville Utilities to raise water rates by 35%..."

Reference:WAFF
Huntsville Alabama,Cities With High Utility Costs,Destruction of the Working Class,Huntsville City Council, Water Rates in Huntsville Alabama, High Cost Cities,Inflation 2023,Bidenomics,

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