Millions of Americans trying to retire today feel like Bob Cratchit, toiling away in Scrooge & Marley’s counting house, but unable to get ahead.
New research explains why: The modern-day Scrooge of Bidenomics has reduced the real value of the average 401(k) by a quarter in the last two and a half years.
The study, published with the Committee to Unleash Prosperity, examined individual retirement accounts (IRAs) and pension plans and found shocking losses under the Biden administration, enough to delay many Americans’ retirement plans for years.
How this happened is a painful lesson in government overspending and overregulating, the hallmarks of Bidenomics.
