The costs associated with raising and supporting a family have dramatically increased under President Joe Biden’s tenure, which experts told the Daily Caller News Foundation is hurting average Americans.
The cost of child-care, which is a key expense for families with younger kids, has risen far faster than the rate of general inflation, increasing 32% since 2019 and affecting middle- and upper-income households the most. Biden’s policies have increased costs in metrics that average American families are most sensitive to, like shelter and food, experts told the DCNF.
“If you had to pick the places where inflation remains the most significant, it’s going to be in food and shelter, certainly in shelter,” Douglas Holtz-Eakin, president of the American Action Forum and former director of the Congressional Budget Office, told the DCNF. “And having kids means you need more space. And so that’s going to be a really expensive proposition right now.”
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