new U.S. Census Bureau report.
"Real wages have declined during President Joe Biden’s term, leading to a dramatic increase in the number of Americans living below the poverty line, according to a new U.S. Census Bureau report.
The report, released last week, found that in 2022, the number of Americans living under the poverty level had risen to 12.4 percent, up from 7.8 percent in 2021.
Democrats controlled both chambers of Congress and the White House during Biden’s first two years in office, passing monster spending bills that many economists said led to huge inflationary increases that continue to this day. The White House, meanwhile, has touted the president’s economic policies — “Bidenomics,” as they are collectively referred to — as he heads into reelection mode."