President Joe Biden’s visit to a diner in Raleigh, North Carolina, last week did not go as smoothly as anticipated by his White House team, mainly due to a notable discovery on the menu.
The White House has been trying to promote “Bidenomics” to the public – a collection of economic policies championed by the president and his administration, which they assert have significantly enhanced the well-being of everyday American workers.
But it’s just turning out very well.
“As of November 2023, 62% of consumers relied on their next paycheck to cover their monthly financial outflows, the PYMNTS and LendingClub survey said. These consumers also own nearly 60% of the credit cards in the U.S. Moreover, 80% of paycheck-to-paycheck consumers own at least two credit cards on average,” Fox Business reported in late December.
Join the conversation as a VIP Member