Americans saw ‘most severe’ pay cut in 25 years under Biden

According to reports out today, “Americans battered by soaring inflation since President Biden took office have effectively suffered the steepest pay cut in a quarter-century.”

Due to record inflation, 53% of workers have taken more than an 8.5% pay cut in the last year.

“Paychecks are being ripped away by soaring inflation and Americans have only Biden and Democrats’ failing policies to blame,” said CLF Press Secretary Cally Perkins. “Americans are struggling more than ever to make ends meet in Democrats’ economy.”