Soaring Bidenflation Forcing Older Americans To ‘Unretire,’ New Poll Finds | Eastern North Carolina Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Joseph Curl.

    The Baby Boomer generation stretched from 1946 to 1964. That means members are now 59 to 77 years old, and nearly 10,000 Boomers reach retirement age - 65 - each day.

    But in the age of President Joe Biden - with inflation soaring double digits, interest rates skyrocketing, and investment portfolios sagging - a lot of those older Americans are being forced to "unretire."

    "Unfortunately, the inflation-driven affordability crisis and the Federal Reserve's interest rate hikes meant to combat inflation have driven housing costs higher," USA Today reported this week. "As a result, retirees are moving back into the labor force. According to a survey by Paychex, 55% of retirees who went back to work said they did so because they needed more money, and 1 in 6 retirees is considering returning to work."

    "Most would want to work full-time (65%) instead of part-time (35%). This could be due to a need for more money - the reason cited by 53% of respondents," Paychex reported. Some 55% of retirees went back to work because they said they needed more money.

    The endless crunch since Biden took office - inflation soared 9.1% in June 2022 year-over-year and housing costs were 8.1% higher in April compared to a year earlier - has pinched seniors. Of course, Biden and Democrats have done nothing to address skyrocketing health care costs, which means older Americans are being hit from every side.

    Plus, Biden and congressional Democrats passed the so-called Inflation Reduction Act, which didn't offer a bit of help for the rising cost of food, housing, or energy prices. The latest debt deal passed on Wednesday will also deliver no relief whatsoever.

    It's been a perfect storm hammering seniors. Along with the soaring cost of living, "many older adults find themselves in deteriorating financial positions due to massive stock market losses in 2022," USA Today reported. Last year, more than $12 trillion in wealth disappeared as the Dow dropped 8%, the S&P 500 19.4%, and Nasdaq 33%.

    An AARP survey late last year found more than a third of people 65 and older said their current financial situation at midyear was worse than a year before. That represented a massive jump from the beginning of 2022, when just 13% of that age group said so.

    To keep pace, Social Security and Supplemental Security Income (SSI) benefits were increased 8.7% at the beginning of 2023, but even that hasn't been enough.

    This is the danger of having a senile, out-of-touch president who has no clue what living in America is all about. Biden became a multi-millionaire while serving in the Senate and now has chefs - paid for by you, of course - prepare his every meal. He doesn't have a clue what a dozen eggs or a gallon of gas costs.

    And just so you know, there's no help on the way. In Biden's America, you're on your own, and he's not even going to try to fix anything.


    The views expressed in this piece are the author's own and do not necessarily represent those of The Daily Wire.

poll#166

With the Midterm Elections less than one week away: What do you consider the top issues that you will be voting on to be corrected by your better representation?

  Education

  Crime

  Big Government getting Bigger

  Biden /Democrat controlled Spike in Energy Cost

  Inflation created by Legislation of Majority in Power

  Gender Reassignment

  Corrupted Bureaucratic /Service (DOJ, FBI, etc.) Institutions

  Abortion

  Discredited Legacy Media

  Ending the Corruption of Dishonest Politicians

  Corruptive Influence of Social Media

  Wide Open Southern Border

439 total vote(s)     What's your Opinion?

poll#145

After one full year of the Biden /Harris Administration: Does Joe Biden have the intellectual capacity, and, or the energy to lead the United States of America through the mess that he predominately created ... in just one year?

  Yes

  No

  Unsure

1,220 total vote(s)     What's your Opinion?

poll#180

Now that the public is allowed to know the truth regarding the Hunter Biden Laptop Scandal, after more that 2 1/2 years of deception by the corrupt Corporate Media Kabal, propropagandidats all, and the discredited Deep State, we have NOW learned that the infamous laptop is far less about the Biden Boy's fetish for pornography, narcotics and Russian whores, and far more about Hunter's pivotal role in the Biden Crime Syndicate's selling of deep access to our foreign adversaries, and to what extent it has compromised our national security: What is your opinion about this possible coordinated Treason?

  It is imperative that we know the truth of what may be the greatest scandal in our Republic's history, and all aforementioned parties prosecuted for their crimes against the People.

  Currently, our Two Tiered Justice System is constructed to protect all Democratic Socialists, their corrupt "Journalist" spokes-sheople, and their Deep State enablers ... so why bother.

  It is Donald Trump's fault.

  How can we be assured that the "Laptop" is real? Would NOT our standard journalists have investigated this issue thoroughly nearly 3 years ago if it was real?

535 total vote(s)     What's your Opinion?