As record-high inflation continues to hit American families and workers, at least 40 percent of domestic workers were unable to make their rent or mortgage payments, as reported by Bloomberg. Worse, more than three quarters of Americans were either unsure or knew they wouldn’t be able to afford food in the next two weeks.
Paulina Lopez Gonzalez, the economist in residence at the National Domestic Workers Alliance Labs, said:
“Even with slight improvements in wages, domestic workers we surveyed are facing real and nearly unchanging challenges to put food on the table and keep roofs over their heads.”
Workers simply aren’t able to keep up in an economy ravaged by the Biden Administration.
Democrats fueled inflation that’s crushing families and will make it worse.
- According to the San Francisco Federal Reserve, Democrats’ $2 trillion so-called “stimulus” triggered inflation. As a result, the typical family now has to spend nearly $6,000 more this year to buy the same goods and services they did a year ago.
Americans are struggling as Biden-Flation accelerates.
- Under President Biden, workers’ wages have dropped over four percent, prompting a majority of Americans to take up bargain-hunting.
- More than half of all Americans report spending up to $500 more per month on groceries.
- For a majority of low-income households, rising prices have become a source of “major financial stress” as inflation has wiped out 26 million low-income households’ savings since President Biden took office.
- More than 60 percent of job creators fear inflation will drive them out of business.
Democrats’ Home Buyer Price Hike makes affording a home out of reach for many Americans as increased rents burden families trying to save.
- “First-time buyers represented just 29 percent of buyers in July. Historically they usually make up about 40 percent of sales, but they are clearly struggling the most with affordability. High rents are also making it harder for them to save for a down payment.”
- These increases are hitting the homes on the lower end of the price scale hardest, meaning working families are the ones struggling the most.