CRASH: Retirement Investments Take Hit | Trump Blames Biden, Harris for Market Losses

Title: Trump Blames Biden, Harris for Market Losses

Article Snip: "...The Dow appeared it could be headed for its first 1,000 point decline since September 2022.

Soon after the bell sounded on Wall Street, the Dow Jones Industrial Average futures dropped 1,064 points, or 2.7%, following a 611-point loss Friday, CNBC reported.

S&P 500 futures were down 3.6% after the benchmark lost 1.8% on Friday. Nasdaq-100 futures lost 4.8% as big tech stocks got hit hard in early trading.

"STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN'T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!" Trump posted Sunday night. ...

"

Reference: www.newsmax.com
Bidenomics, The Democrat Years, Stock Market Crash (August 2024),

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The Democrat Years | Retirees' Social Security checks have lost significant buying power

Title: Retirees' Social Security checks have lost significant buying power since 2010, a new report says

Article Snip: "...Retirees would need, on average, a $370 monthly boost in their Social Security checks to make up for a 20% loss of buying power since 2010.

That means today’s average monthly benefit of $1,860 for retired workers would need to rise to about $2,230, according to a new report from the Senior Citizens League, a nonpartisan group.

The spoiler: inflation.

...common senior household expenses such as car insurance, food, out-patient hospital care, and housing rose much more than that. “The reality is that COLAs have become less and less likely to match inflation over time,” Benton said. “In the 1990s and 2000s, 60% of COLAs beat inflation. In the 2010s, only 40% did. Through the 2020s so far, only one COLA out of five—the 8.7% increase in 2023— has done so.”"

Reference: yahoo.com
Biden/Democrat Inflation Silent Tax on Retirees, Inflation,

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Balancing a fixed income with inflation, a Georgia retiree feels stuck

Title: Balancing a fixed income with inflation, a Georgia retiree feels stuck

Article Snip: "... Retired and taking care of her husband, Breland has seen rising prices for everything from groceries and utilities to insurance and home maintenance eat into her fixed income. She has also seen her friends struggle with inflation, as well, through the church she volunteers at. ... increasing financial pressure and has been looking to cut her monthly expenses in the face of rising prices for groceries, utilities, insurance and home maintenance. “All the money I will ever have come in is what I have now,” she said."

Reference: www.nbcnews.com
Inflation

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West Virginia is the most affordable state, study says

Title: West Virginia is the most affordable state, study says

Article Snip: "...CLARKSBURG, W.Va. (WBOY) — If you’re looking for an affordable state to live and buy a home, several recent studies say that West Virginia is your best option in the U.S. A recent report by doxo used the 2024 Cost of Bill Index (COBI) found that West Virginia’s standard cost of living is 25% lower than the national average. ..."

Reference: www.wboy.com
Many Are Moving Out of the Democrat's Expensive & Crime Infested Cities,

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Yay! Bidenomics CPI Manipulation Got You Again | Inflation isn't as bad as yo feel it, don't believe your lying purse

Title: Cooling Inflation Has 2025 Social Security COLA Estimate Dropping

Article Snip: "These latest estimates are based on the Bureau of Labor Statistics’ (BLS) consumer price index (CPI) data for May, ... For the month, the index decreased 0.1% prior to seasonal adjustment. ...As such, the CPI-W can undercount when compared to spending patterns of older consumers Consumer Price Index for the Elderly (CPI-E), which means it can subsequently underpay Social Security recipients, she notes. “This disparity suggests that my COLA estimate, which is based on the CPI-W, may be undercounting real senior inflation by more than 10%,” says Johnson. "

Reference:
CPI-W undercounting real senior inflation, The Financial Raping of Seniors, The Biden Years,

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The Numbers Don’t Lie: Americans’ Purchasing Power Is Down Under Biden

Title: The Numbers Don’t Lie: Americans’ Purchasing Power Is Down Under Biden

Article Snip: "...Since taking office in January 2021, the cumulative rate of inflation as measured by the Consumer Price Index, a figure calculated by the federal government’s Bureau of Labor Statistics (BLS), stands at 19.4 percent. On the other side of the equation, the increase in average weekly earnings, also calculated by BLS, stands at 14.1 percent. In other words, since Biden entered the Oval Office, real wages are down about 5 percent. Such is why the number one concern among Americans heading into election season is the high cost of living. According to Gallup, the vast majority of likely voters cite the “economy in general” and the “high cost of living/inflation” as the “most important problem facing the country today.”..."

Reference: townhall.com
Bidenomics | The Economic Destruction of America, Destruction of Retirees,

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Destruction of the American Retiree | Stocks Retreat After Fed Minutes Show Uncertainty Over Inflation

Title: Stocks Retreat After Fed Minutes Show Uncertainty Over Inflation

Article Snip: "...Stocks fell Wednesday after minutes from the Federal Reserve’s latest policy meeting showed concerns about persisting inflation and cast more doubt on when officials might cut interest rates. The S&P 500 declined 0.3% and the Nasdaq Composite edged 0.2% lower after ..."

Reference: Wall Street Journal
Biden/Democrat Inflation Silent Tax on Retirees,Inflation,2024,Destruction of those on Social Security,

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What Risks Do Near Retirees and Retirees Face from Inflation

Title: What Risks Do Near Retirees and Retirees Face from Inflation

Article Snip: "...High inflation tends to harm older households, but the size of the impact varies due to three factors: the extent to which income and assets...retirees are hurt more than near retirees as, outside of Social Security, their income is less indexed to prices and they hold less debt. ..."

Reference: crr.bc.edu
Democrat Inflation Silent Tax on Retirees,Destruction of Retirees,Manipulation of CPI using CPI-W To Destroy Retirees,

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Following Biden's Inflation lies, Senator Blackburn’s inflation fact sheet corrects the purposeful misrepresentations

Title: Blackburn Releases Inflation Fact Sheet Following Biden Lies

Article Snip: "...U.S. Senator Marsha Blackburn (R-Tenn.) released a fact sheet on the “True Cost of Bidenflation” in response to President Biden’s repeated dishonesty about his economic record. Under the Biden administration, inflation hit its highest rate in 41 years, and prices across the board are up nearly 20%. ...While the inflation rate is only up 3.4% over the past year, prices are up nearly 20% across the board since President Biden took office."

Reference: www.blackburn.senate.gov
True Cost of Bidenflation, Biden Inflation Lies vs True Inflation,

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76% of Americans feel it's a bad time to buy a house: Gallup

Title: 76% of Americans feel it's a bad time to buy a house: Gallup

Article Snip: "...the 30-year fixed mortgage rate still sits above 7%. Meanwhile, according to a Gallup Poll, 76% of Americans feel it is a bad time to buy a home. ..."

Reference: finance.yahoo.com

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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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