Inflation and Consumer Sentiment in the Biden Economy

Inflation, not partisanship, is the main reason behind depressed consumer sentiment in the Biden economy. The public dissatisfaction is due to rising inflation and the expectation that it will not decrease soon, leading to a negative impact on real wages. The Biden administration's attempt to spin the situation positively has not been successful so far.

Record Number of Americans Using 'Buy Now, Pay Later' Apps Amid Surging Inflation in Biden's Economy

Record number of Americans using 'buy now, pay later' apps amid surging inflation in Biden's economy. 6.5% of Americans, approximately 15 million, using BPNL apps for groceries. Major retailers like Walmart, Amazon, and Trader Joe's offer these apps. Gen-Z also using BPNL loans for various items. President Biden mentioned inflation has decreased, but it has been rising for the past three months.