A new analysis by conservative economists shows the average American has lost $34,000 from their retirement savings plan since President Joe Biden took office.
The news comes as Biden spent time at an ice cream shop over the weekend, munching on a chocolate chip waffle cone and telling reporters that the economy “is strong as hell.”
Economists Stephen Moore and EJ Antoni published their report in the New York Post, warning readers that a peek into their 401(k) plans “will ruin your whole day, week and month.”
Their analysis shows the average retirement plan is down about $34,000, which they note is “more than 25% in less than one year!”
[I was joking — bitterly — about this with my son the other day. I don’t really plan to retire, but I told him a month ago, 67 looked like my “sweet spot.” Now it’s more like 72. — Ed]
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