Bidenomics

idenomics is an economic plan that has been implemented by the Biden administration. It has led to an increase in US inflation rate from 1.4% when Biden entered office to 3.2%, and a rise in mortgage rates from 2.8% to 7.4%. Other costs such as rent, groceries, electricity, gas, and home heating oil have also increased significantly. Polls show that Americans are not feeling the effects of Bidenomics, with 47% saying the condition of the economy is poor. A Fox News poll revealed that disapproval of Biden is due to his handling of the economy, followed by his age and mental state. Despite promises to increase minimum wage, forgive student loan debt, and create new jobs, the results of Bidenomics have left many feeling the pinch.