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Bidenflation Hits 17.0%: Americans Struggle as Wages Lag Behind Soaring Prices in Stagflation Era

ByAlki David

Oct 17, 2023

In the midst of economic turbulence, the latest inflation figures reveal a startling truth about the state of the U.S. economy under President Biden’s administration. Bidenflation has surged to a staggering 17.0%, painting a grim picture for everyday Americans grappling with the impact of soaring prices on their wallets.

As grocery bills and gas prices skyrocket, the average citizen finds themselves caught in the crossfire of an economic landscape that seems increasingly challenging to navigate. A recent poll indicates that a substantial majority of Americans express deep concern about the rising inflation, with many feeling the pinch of their wages failing to keep pace with the cost of living.

The heart of the matter lies in the erosion of real wages, a predicament that has persisted throughout Biden’s tenure. Wages, once seen as a bulwark against economic uncertainty, have faltered against the relentless march of inflation. September’s data reveals a disheartening return to negative territory for real wages, marking a concerning trend that leaves many households grappling with the reality of diminished purchasing power.

Stagflation, the unwelcome economic duo of stagnant growth and high inflation, casts a shadow over the nation. The dual challenge of a sputtering economy and skyrocketing prices creates a precarious environment for businesses and households alike. While some sectors experience stagnation, everyday Americans bear the brunt of inflationary pressures, facing tough choices on where to tighten their belts.

Critics argue that policy decisions and government interventions have contributed to this economic conundrum. The need for a comprehensive strategy to address both the root causes and immediate consequences of Bidenflation becomes increasingly urgent.

In this economic climate, it’s not just about numbers on a chart; it’s about the daily struggles of hardworking citizens who find their dollars stretched thinner and thinner. As the nation grapples with the multifaceted challenges of stagflation, the search for effective solutions becomes paramount. Will the administration take decisive action to alleviate the burden on American households, or are we destined to navigate these choppy economic waters for the foreseeable future?

By Alki David

Alki David — Publisher, Media Architect, SIN Network Creator - live, direct-to-public communication, media infrastructure, accountability journalism, and independent distribution. Born in Lagos, Nigeria; educated in the United Kingdom and Switzerland; attended the Royal College of Art. Early internet broadcaster — participated in real-time public coverage during the 1997 Mars landing era using experimental online transmission from Beverly Hills. Founder of FilmOn, one of the earliest global internet television networks offering live and on-demand broadcasting outside legacy gatekeepers. Publisher of SHOCKYA — reporting since 2010 on systemic corruption inside the entertainment business and its expansion into law, finance, and regulation. Creator of the SIN Network (ShockYA Integrated Network), a federated media and civic-information infrastructure spanning investigative journalism, live TV, documentary, and court-record reporting. Lived and worked for over 40 years inside global media hubs including Malibu, Beverly Hills, London, Hong Kong and Gstaad. Early encounter with Julian Assange during the first Hologram USA operations proved a formative turning point — exposing the realities of lawfare, information suppression, and concentrated media power. Principal complainant and driving force behind what court filings describe as the largest consolidated media–legal accountability action on record, now before the Eastern Caribbean Supreme Court. Relocated to Antigua & Barbuda and entered sustained legal, civic, and informational confrontation over media power, safeguarding, and accountability at Commonwealth scale.