Biden touts Americans have ‘more money in their pockets’ but voters say president making inflation worse

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Biden touts Americans have ‘more money in their pockets’ but voters say president making inflation worse

FOX Business’ Stuart Varney says Americans’ biggest issue facing the economy is inflation.

President Biden is highlighting that Americans have more money in their pockets than they did a year ago.

But a new FOX Business poll indicates that voters’ concerns about inflation are surging, and many are blaming the president’s policies for making matters worse.

Showcasing that “Americans are back at work at a record-setting pace,” Biden said in a statement on Thursday that “families have more money in their pockets: Americans on average have about $100 more in their pockets each month than they did last year, after accounting for inflation.”

JOBLESS CLAIMS TICK UP LAST WEEK AMID UNEVEN ECONOMIC RECOVERY

The president’s comments came as he touted new government statistics showing that the average number of Americans filing unemployment claims over the past four weeks is now at its lowest level since 1969.

“When I took office,

Where are surging consumer prices hitting Americans the hardest?

The Fitz-Gerald Group principal Keith Fitz-Gerald, Simpler Trading director of ops Danielle Shay and Harris Financial Group managing partner Jamie Cox discuss CPI expectations on ‘Making Money.’

American households are grappling with the fastest price increases in nearly four decades, with the cost of everything from cars to gasoline to food soaring in November, the Labor Department reported Friday.

CONSUMER PRICE INDEX SOARS 6.8%

The consumer price index, which measures a bevy of goods ranging from gasoline and health care to groceries and rents, jumped 6.8% from the year-ago period – the highest since June 1982. It toppled the previous month’s high of 6.2%. From October to November, prices climbed 0.8%.

“November pricing data offered no relief for American households as energy and transportation costs continued to drive prices higher,” said Joe Brusuelas, chief economist at RSM.

The jump in consumer prices is even more pronounced as Americans start planning

Americans Did not Cross US-Canada Border As Considerably As Predicted Right after Reopening

People in america flocked throughout the US-Canada border immediately after its reopening to vaccinated US travellers.
Crossings have considering the fact that dropped provided rigid demands and the close of the summer months travel year.
Canadian firms have not been able to capitalize on the border reopening as leaders experienced hoped.

Canadians anticipating a tsunami of US website visitors once the border reopened were unhappy to find that Individuals had other vacation strategies.

The US-Canada border lastly opened to vaccinated American tourists on August 9, making it possible for US visitors to stop by the Wonderful White North for the very first time due to the fact March 2021.

Eager People flocked to the region and wait occasions at the border totaled 7 several hours in some locations.

Canada’s recently-reopened border drew all over 219,000 non-business crossings, in accordance to Canada Border Products and services