Most feel Christmas, retirement Scrooged by Bidenomics

The financial hurt Americans feel from Bidenomics is starting to show in their approach to Christmas shopping and fear about running out of money in retirement.

In a new test of the economy, a survey done for the 85 Fund said that most Americans feel they are “worse” off this Christmas than last.

WHITE HOUSE PROMOTES ‘IMPACTFUL’ BIDENOMICS IN END-OF-YEAR MEMO

The survey from CRC Research for the fund that supports conservative action groups and shared with Secrets said that 49% feel they are in a “worse position” to buy presents and celebrate the holidays. Some 43% said that they are better off.

And the poll of 1,600 voters said that they are also very concerned about retirement as the rate hikes by the Federal Reserve rake their savings.

The survey said that a whopping 81% are worried that they won’t have enough to retire on, a troubling finding since the poll said that a majority — 52% — are thinking about retiring.

The poll — shown below — also found that credit card balances are rising, an early warning sign of economic troubles in the future.

The results are the latest to challenge the Biden administration’s claims that the economy is in a sweet spot of good employment and cheaper prices. Most Americans believe that prices are significantly higher than they were during former President Donald Trump’s administration.

“Ordinary Americans are far worse off than one year ago due to the consequences of Bidenomics. Bidenflation has caused a cost-of-living crisis. The Federal Reserve’s aggressive interest rate hikes in response have made credit more expensive and difficult to attain,” Alfredo Ortiz, president and CEO of the Job Creators Network told Secrets today.

SEE THE LATEST POLITICAL NEWS AND BUZZ FROM WASHINGTON SECRETS

“It’s harder and harder to make ends meet — especially for women who generally manage household finances. President Biden and the liberal media continue to claim the economy is great, but real Americans — as this poll reiterates — know otherwise,” he added.

Will Hild, executive director of Consumers Research, told us, “As the Biden administration continues to force its ineffective economic agenda on the American people, consumers are continuing to feel the strain of inflation and higher prices. American consumers are paying more for less. We need leaders who focus on economic policies that help consumers and stimulate the economy, rather than ones who push bad policies, like climate activism, that are driving up costs.”