• The most immediate sticker shock from Bidenflation, of course, has been to shrink real take-home paychecks of workers, says New York Post. We have calculated that over the past 20 months, this rise in consumer prices over wages means that the average family in America has lost nearly $6,000 in purchasing power.
• We calculate that since the start of this year, 401(k) plans have suffered $2.1 trillion in losses. The average 401(k) plan had over $135,000 at the start of this year. Today, those assets have shrunk on average to about $101,000.
• In other words, the average 401(k) plan is down about $34,000 — more than 25% in less than one year!

Tagged: #Bidenflation