In Era Of ‘Bidenomics’ Poor Americans Skip Meals, Can’t Afford Power Bills, Miss Payments

Amidst the chaos and disinformation being pumped out of the White House and echoed by corporate media cheerleaders, we all remember this headline:

We all know every politician lies. Some tell half-truths, while others, such as the Biden administration, attempt to convince folks it is daylight while it’s midnight. An increasing number of Americans can see right through the propaganda, hence why Oliver Anthony’s blue-collar anthem “Rich Men North Of Richmond” continues to rank number one on Billboard Hot 100.

Or that is why President Biden’s approval ratings remain cratered.

This leaves us with a Bloomberg report citing fintech startup Propel, an app aimed at Supplemental Nutrition Assistance Program (SNAP) recipients, that reveals an increasing number of Americans are struggling to pay rent and put food on the table.

Among households using the Supplemental Nutrition Assistance Program’s boosted pandemic benefits, 42% skipped meals in August and 55% ate less because they couldn’t afford food, more than double last year’s share, according to a Wednesday report from Propel Inc., a benefits software developer.

Bloomberg said:

The data also highlight that households were worse off in August from just a month ago. Since July, an increasing share of low-income households had utilities shut off, couldn’t afford the prior month’s utility bill or couldn’t afford rent. More than two-thirds of those surveyed who were receiving boosted SNAP payments said they had some form of debt.

Propel’s alarming report is an eye-opener, considering we’ve pointed out that mid/low tier consumers have depleted savings and racked up insurmountable credit card debt to make ends meet in the era of ‘Bidenomics’ inflation. Factor in a cooling labor market (read: Job Openings Crater, Prior Data “Unexpectedly” Revised Sharply Lower). These folks have limited safety nets as social support expires. Just wait until student loan payments kick in in several weeks.

*********

(TLB) published this article from ZeroHedge as compiled and written by Tyler Durden

Header featured image (edited) credit: White House headline/org. ZH article

Emphasis added by (TLB)

••••

••••

Stay tuned to …

••••

The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)

••••

Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.

••••

Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.

••••

Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.