Representative Adrian Smith
Tuesday, October 11, 2022
According to a recent survey, 60 percent of Americans are living paycheck to paycheck, and 71 percent of workers feel their pay isn’t keeping up with the cost of living. The numbers bear this out – 6.2 percent wage growth alongside 8.3 percent inflation means that Americans’ paychecks are worth 2.1 percent less than they were at this time last year. Employers are scaling back their plans to hire new workers and beginning to plan for potential layoffs. Americans everywhere are feeling the painful consequences of the out-of-touch policies of the Biden administration, and many fear the worst is yet to come.