Bidenomics Squeezes Coloradans' Spending Power: The Middle Class Bears the Burden of Biden

Colorado's median income may have seen a marginal increase, but the hard truth is that the spending power of Coloradans is faltering, widening the gap between the middle class and the affluent. The figures released by the census offer a glimpse into the struggles faced by hardworking Coloradans, with the impact of Bidenomics exacerbating their financial woes.

In 2022, the state's median income crawled up by a mere 0.2% to reach $89,157. While this seemingly positive trend may be touted by some, it falls significantly short of addressing the underlying affordability crisis that has plagued our beautiful state.

In the Denver metro area, the median income remained stagnant at $99,000, even as more households joined the ranks of those earning above $100,000. While this might appear encouraging at first glance, it obscures the true picture of income inequality that persists in our communities.

Coloradans are grappling with the harsh reality that their hard-earned dollars no longer hold the same value. Despite reports of increased wages, the rising cost of living in our beloved state has more than offset any progress made. Families and individuals continue to report feeling financially strained, with their earnings failing to keep pace with escalating expenses.

A telling statistic is the nationwide increase in households earning $100,000 or more, which rose from 34% to 37%. This shift not only reflects the skewed distribution of wealth but also paints a stark portrait of the challenges faced by those in the middle class. The burden of Bidenomics is undoubtedly weighing heavily on the shoulders of working Coloradans.

It is worth noting that the data captured in the census release is from 2022, a time often referred to as the "late pandemic era." While some semblance of normalcy began to emerge, the lingering effects of the pandemic remained in the background, impacting various aspects of our lives.

One significant change brought about by the pandemic has been the reshuffling of wealth within the United States. Many higher-income individuals have departed from cities like New York and San Francisco, seeking refuge from the adverse conditions prevailing under Democrat-run administrations.

Sadly, this redistribution has not proven beneficial for Coloradans, as the promised economic prosperity remains elusive.