Joe Biden’s economy is making it impossible for families to do this one essential thing

The 12-month rolling average for inflation, entirely under President Joe Biden is nearly 8%.

That’s the highest inflation Americans have suffered through since the recovery from Jimmy Carter’s economic policies 40 years ago.

In fact, the Biden economy is so bad, families aren’t able to do this basic and essential thing.

Currently, gas prices are a major focus around the family dinner table.

Rightfully so, as from coast-to-coast, American workers are going broke just filling up their gas tanks.

However, the biggest price tag in the monthly budget of most families isn’t trips to the gas stations, but housing costs.

And the Biden administration now has Americans caught between a rock and a hard place.

Since Joe Biden took the oath of office, rent prices have been constantly climbing.

Meanwhile, purchasing a home is less of an option for more and more Americans with every passing day.

Biden’s inflation and supply chain issues under Transportation Secretary Pete Buttigieg, are leading to fewer homes being built and more competition between home buyers.

And that competition is pricing many families seeking a new or even first home priced out of the market.

According to CBS News, rent prices have increased 20% since Biden stepped back into the White House.

That equated to a $1,000 rent, all of a sudden costing a family $1,200 – or a $2,000 monthly rent out of nowhere rising $400 per month.

That’s making it impossible for husbands and wives to budget – especially since they don’t know when the next rent hike is coming.

Single mother, Jamie Wolfe had her rent jacked $1,000 – a 30% increase, and she doesn’t know what to expect anymore.

“It’s impossible to prepare for,” Wolf said.

Families can’t look to buying a home to stabilize their monthly budgets either.

According to the Atlanta Federal Reserve, at the end of Joe Biden’s first year as President, housing affordability dropped to the lowest levels since November of 2008.

Of course, at that time, Barack Obama was President, and Joe Biden was Vice President.

According to a survey by Fannie Mae, only 29% of Americans believe now is a good time to buy a home.

That’s nearly a record low in the 12-year history of the survey.

And it’s getting almost impossible to be a first-time home owner in Biden’s economy.

And unfortunately, experts agree, there is no end in sight, as rent and home sale prices are expected to keep climbing throughout 2022.

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