HYGO News Biden Econ Advisor Brags About Real Wages, Praises Economy, Doesn't Address Savings Being Down
Biden Econ Advisor Brags About Real Wages, Praises Economy, Doesn’t Address Savings Being Down
Top Biden Econ Advisor Lael Brainard Brags About Real Wages (up over last year), but Are Down By 3 2% Under Biden
Top Biden economic advisor Lael Brainard: “Real wages are up over the last year!” Under Biden, real wages are DOWN by 3.2% while prices are up by 17.7%.
Biden Econ Advisor Lael Brainard Praises Economy Even As Families Spend Hundreds More Per Month
Top Biden economic advisor Lael Brainard praises “Biden’s plan to grow the economy by growing the middle class.” The typical American household is spending about $730/month MORE today than just one year ago.
Top Biden Econ Advisor Lael Brainard REALLY Doesn’t Want To Address Americans’ Savings Being Down
Top Biden economic advisor Lael Brainard REALLY doesn’t want to address the fact that Americans’ personal savings are down
Biden Econ Advisor Brags About Real Wages, Praises Economy, Doesn’t Address Savings Being Down
Key Points
Top Biden Econ Advisor Lael Brainard Brags About Real Wages (up over last year), but Are Down By 3 2% Under Biden
Top Biden economic advisor Lael Brainard: “Real wages are up over the last year
- ” Under Biden, real wages are DOWN by 3
- Biden Econ Advisor Lael Brainard Praises Economy Even As Families Spend Hundreds More Per Month
Top Biden economic advisor Lael Brainard praises “Biden’s plan to grow the economy by growing the middle class
- ” The typical American household is spending about $730/month MORE today than just one year ago
Transcript Highlights
Transcribed from the video audio:
- So the president celebrated the GDP report saying that the testaments the resilience of the American consumer But the report also showed that personal savings dropped by 360 million do you have a message to Americans who are dipping into those savings before the inflation
- Well again, as I said what you are seeing is Americans are back in the labor force in record numbers much higher participation that was anticipated and Higher than pre-pandemic so they’re at work And that is showing up also in the wealth number
- What other headwinds do you see for the rest of the year
- So perhaps a little headwind there So certainly consumers and businesses are taking into account the cost of credit and that is Headwind on the economy despite that we’ve seen really strong GDP 4
- 9 percent in the third quarter and we think that’s because there is strong support from The policy on the investment side of the economy the president’s historic legislation there and his broader plan to grow the economy from the middle Out thank you so much