- cross-posted to:
- usa@lemmy.ml
- cross-posted to:
- usa@lemmy.ml
…
Ms Ellis works full-time as a nurse’s assistant and has a second part-time job.
But she needs to economise. She has switched stores, cut out brand-name items like Dove soap and Stroehmann bread, and all but said goodbye to her favourite Chick-fil-A sandwich.
Still, Ms Ellis has sometimes turned to risky payday loans (short-term borrowing with high interest rates) as she grapples with grocery prices that have surged 25% since Mr Biden entered office in January 2021.
“Prior to inflation,” she says, “I didn’t have any debt, I didn’t have any credit cards, never applied for like a payday loan or any of those things. But since inflation, I needed to do all those things…I’ve had to downgrade my life completely.”
The leap in grocery prices has outpaced the historic 20% rise in living costs that followed the pandemic, squeezing households around the country and fuelling widespread economic and political discontent.
Yeah they also say it started when he took office but it definitely started during the pandemic when someone else was president. I don’t understand why it’s always framed like that. This inflation is a direct result of the pandemic response. But somehow they think the guy who caused it could fix it? Insane
You should know why it’s framed that way. This is a political piece, designed to make Biden look bad.
https://www.usatoday.com/in-depth/money/2020/05/12/coronavirushow-u-s-printing-dollars-save-economy-during-crisis-fed/3038117001/
TLDR 3.5 trillion new dollars into the economy because of COVID
That’s why we have super high inflation…
But if you listen to my dad talk it’s
This would make sense if all those printed dollars went to regular people who then spent it on groceries, thus driving up demand, but that’s not the case. The distribution of money matters as much as the amount that exists. Biden isn’t the cause regardless, but I don’t buy the excuse that money printing alone caused this.