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Conversely, the average price per gallon during Biden’s presidency so far is $3.61 — 40% more than even Trump’s higher average. Gas peaked at over $5 for the first time ever in June 2022.
The Biden administration had cracked down on so-called “junk fees” hidden in closing costs, though it is unclear whether the Trump administration will continue that effort. Tariffs and ...
Americans have been grappling with inflation since pandemic. Factory shut-downs created supply chain issues. Plus, increased demand for consumer goods resulting from stimulus funds and "revenge...
Now that Donald Trump has been elected, it remains to be seen what effect his presidency will have on inflation and cost of living, with experts divided on how his policies will play out.
The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations.
During Trump’s time in office, this cost measure rose by 4.2 percent. So far under Biden, it has increased by approximately 30 percent. Real Average Hourly Earnings
The difference in average costs and overall indexes were recorded and sorted to find the cost of living in every state since Biden took over. All data was collected on and is up to date as of July ...
Trump and other critics have said Harris’s plans will continue where Biden’s leave off and America will still see the effects of inflation and higher prices.