4 Oct 2024 2:48 pm
Global pandemics and land wars in Europe will cause havoc to the economies of the entire world. It's how you respond to those crises that matter most. America's economy recovered from COVID-19 faster than nearly every other country on the planet.righteous » 04 Oct 2024, 2:37 pm » wrote: ↑ Inflation: Inflation has been far worse during the Biden administration, up 19% over the first 42 months of Biden’s term compared to 6% during Trump’s first 42 months, according to the government’s consumer price index. Year-over-year inflation peaked under Biden at a four-decade high of 9% in 2022 before falling to just over 3%—which Biden has blamed on COVID-19’s lingering impact and the Russia-Ukraine war.
July’s 2.9% personal savings rate, which measures the percentage of Americans’ income left over after expenses and taxes, was less than half of April 2019’s 6.8%. The savings rate never fell below 5% under Trump.
gas prices rose to an all-time high of over $5 per gallon in 2022 shortly after Russia’s invasion of Ukraine caused energy prices globally to spike, as the U.S. and its allies vowed to not buy oil from Russia, the world’s third-largest oil producer.
