NEWT GINGRICH: Vote Your 401k

I urge all Americans to look at their 401ks before they vote next month. The disaster Joe Biden and the Democrats have caused will shock you.
Heritage Foundation economists Stephen Moore and E.J. Antoni, have run the numbers on the Biden-Democrat economic disaster – and translated it into individual earnings and savings.
Moore and Antoni found the Democrats’ inflation rate has cost the average American family $6,000 in purchasing power since Biden took office.
The cost of inflation gets even worse when you factor the Federal Reserves’ relentless interest rate increases. They calculated that 401(k) plans have taken a $2.1 trillion hit since the start of 2022. The average plan started with $135,000 and now has $101,000. That is an average $34,000 loss (or 25 percent decrease) in less than a year. Inflation has also shrunk the purchasing power of the average plan by another $5,000, according to Moore and Antoni.

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