What Is Biden’s Inflation Really Costing Americans?

Here’s how much your family will have to pay…

When President Biden came into office he brought inflation with him.

Now a new study which was just released by University of Pennsylvania’s Wharton School found that American families will have to pay an additional $3,500 per year to match the rate of inflation.

According to Breitbart, the study found that inflation will force American household to pay $3,500 more if they want to keep their quality of life the same going forward like they did in the previous year.

They further noted lower income families will be affected the hardest. President Biden and the Democrats must do something to lower the inflation rate in America before too much damage is done to lower income families.

Biden refuses to address it and believes that his administration is doing their best to curb inflation.

“Lower-income groups spent relatively more on food, energy, and shelter, while higher-income groups spent relatively more on other commodities and services,” the study noted.

“Since higher-income groups had a bigger increase in expenditures in all categories, they also saw a bigger increase in total expenditure,” the study explained. “However, because of variation in the composition of consumption bundles, we find that higher-income households had smaller percentage increases in their total expenditure.”

Another month of rising prices under Biden:

Gas: +58.1% since last year
Bacon: +21%
Eggs: +8%
Steak: +24.6%
Propane & Firewood: +34.3%
Furniture: 11.8%
Used Cars & Trucks: +31.4%
Coffee: +7.5%
Cigarettes: +9.4%
Hotels & Motels: +25.5%
Car & Truck Rentals: +37.2%
Bikes: +9.4%

— Jacki Kotkiewicz (@jackikotkiewicz) December 10, 2021