Inflation- It’s all Bidens fault.

[thomasdixon]

Inflation- It’s all Bidens fault.
In 1950 a new house cost $8,450.00;
..1n 2020 a house costs $273,992.00
In 1950 the average income was $3,210.00
In 2020 the average income was.,., $273,99
In 1950 a gallon of gas was $0.18 cents
In 2020 a gallon of gas costs $3.00 dollars
In 1950 the average cost of new car was…. $1,510.00
In 2020 the average cost of a new car was $20,000.00
Clearly this is Biden’s fault, he should be impeached for this!!!!

minimum wage
It wasn't until the New Deal that congress finally enacted a federal minimum wage law. The Fair Labor Standards Act, passed in 1938, set the minimum wage at $0.25 per hour.

States usually set a minimum wage that is reflective of the cost of living in the region. For example, the state of Massachusetts has a minimum wage of $14.25 per hour, increasing to $15 in 2023

Links---,
https://tinyurl.com/zcmncnta
https://tinyurl.com/ewnmmnha
https://tinyurl.com/yrprht6b
New Cars for Sale - Pricing and Deals | Edmunds

[Miles]

Inflation- It’s all Bidens fault.

Of course it is because Biden's been President for, what, 72 years now?

In 1950 the average income was $3,210.00

Average family income in 1950 was $3,300
source

In 2020 the average income was.,., $273,99

While not the average income, "Real median household income was $70,784 in 2021 . . . ."
source

________________________

In 1950 a new house cost $8,450.00;

According to recent data, the average price for a home in 1950 was just $12,000, OR 3.6 TIMES THE AVERAGE YEARLY INCOME.
source

In 2020 a house costs $273,992.00

The average sales price of a new home in 2020 was 391,900 OR 5.5 TIMES THE AVERAGE YEARLY INCOME.
source


________________________

In 1950 a gallon of gas was $0.18 cents

"In the year 1950, the average retail price of gas was $0.27. OR 1.9% OF THE AVERAGE DAILY INCOME
source

In 2020 a gallon of gas costs $3.00 dollars

"U.S. regular retail gasoline prices averaged $2.17 per gallon (gal) in 2020," OR 0.7% OF THE AVERAGE DAILY INCOME
source

________________________

In 1950 the average cost of new car was…. $1,510.00

Commerce figures show the average new-car price in 1950 was $2,210" OR 45% OF THE AVERAGE YEARLY INCOME
source

In 2020 the average cost of a new car was $20,000.00

the average amount borrowed for a new car in the fourth quarter was $35,373, and buyers brought an average down payment of $4,734 to the table. Combine them and you get an average new car price of $40,107 OR 52% OF THE AVERAGE YEARLY INCOME
source

+++++++++++++++++++++++++++++++
So:

From 1950 to 2020 income rose by 2,144 % If you're average then you are making 21+ times more than your grandfather.

Compared to annual income, the price of a new home rose 65% ( 3.6 TIMES THE AVERAGE YEARLY INCOME to 5.5 TIMES THE AVERAGE YEARLY INCOME.) OF course today's home has almost 2.5 times more living area (983 sq ft vs 2,392 sq ft.), so today you're getting more bang for your buck.

The average price of gasoline dropped about 63% (from 1.9% OF THE AVERAGE DAILY INCOME down to .7% OF THE AVERAGE DAILY INCOME)

Compared to annual income, new car prices rose by about 15% (from 45% OF THE AVERAGE YEARLY INCOME to 52% OF THE AVERAGE YEARLY INCOME)

Clearly this is Biden’s fault, he should be impeached for this!!!!

I say, string him up and make him watch the antics of Benny Hinn and Creflo Dollar, plus old Jim and Tammy Faye reruns until he pardons Donal Trump. ............................................... Or not.

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