American families are losing $460 a month under Biden’s economy: Kevin Hassett

[ad_1]

NEWYou can now listen to Fox News articles!

Trump’s former chief economic adviser Kevin Hassett explains how American families are suffering under President Biden’s economy in ‘The Ingraham Angle’.

Kevin Hasset: If you look at the numbers right now what i suspected was going to happen, but now we know that the typical american family, the average american family, has to spend an extra $460 this month to buy the same things they bought last year last at that time. And if your salary hasn’t increased by, you know, over $5,000 this year, then you’re worse off. And so GDP must go down if people can’t buy the same amount of stuff they bought last year. And that’s what we see in the data.

3 WAYS BIDEN IS MAKING INFLATION MORE

We have two negative quarters, it has always been a recession in the past. The third quarter figure also appears to be negative, and therefore Americans are suffering. And the measure of how they’re suffering is, you know, that $460 a month. That’s a huge amount of money to spend on treading water with your families.

CLICK HERE TO GET THE FOX NEWS APP

WATCH THE FULL INTERVIEW BELOW:

[ad_2]
Fox Gt

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button