Hey Joe Biden! The U.S. economy may look good on paper in a comparative macro/technical sense, but if you think you can convince average working Americans that the economy is good for them, then you’re delusional. The overriding question is this: when was the U.S. economy ever good for the vast majority of American workers? The answer is that it never was!

Here are some stats on the current U.S. economy:

• Average monthly pay as of Dec. 2023, before taxes and deductions, for 80 percent of private sector nonfarm workers is $4,294 ($51,528 annually)
  
• Average monthly rent throughout the U.S. is $1,702
• Average monthly grocery bill per person is $415. That translates into $1,660 for a family of four.
• Average monthly utility bills are $400
• Average monthly health insurance premiums (not including co-pays, out-of-pocket expenses, dental and eye care coverage) range from $500 to $1,500
• Average monthly cost for insuring a single vehicle is $140
• Average monthly cost for gas just to get to and from work is $140
• Average monthly cost for clothing is $120

The above figures are for food, clothing, shelter, health care, and getting to and from work. In others words, they represent what it costs the average working American to simply live a bare bones/no frills existence. Is it any wonder why two-thirds of the American people are living paycheck to paycheck?

Again: the U.S. economy was never good for the vast majority of American workers unless your definition of a good economy is an economy where at least 80 percent of the American workforce lives paycheck to paycheck and struggles to make ends meet.