that seems like a relatively low number for your golden years. and why is that happening? why are people who are maybe in their late 50s or 60s now feeling like wait, maybe i can t retire when i would hope to? one big reason is what we were just talking about. inflation. who do you think gets hurt the most by inflation? people who have spent their whole lifetime building up their savings. so we estimate, for example, that the average 401k plan has lost 40 or 50,000 in purchasing power because of high inflation and the fact the market has not done so well. the stock market is doing better now, thank god, but it is really difficult for people now to just retire on social security. you have to have your 401k plan and savings. those are falling. harris: the problem isn t just the stock market. it is the supermarket. exactly, that s right. harris: harder to save money if you spend so much more on
campaign team keeps pushing bidenomics despite the fact all the fact checks that pull the rug out from under them. so-called bidenomics is the the biden white house is trying to say pay no attention to the reality you are living each and every day. harris: then there are the polls which show most americans are not buying what the president is selling on the economy in particular. steve moore, our expert in focus next. hi, i m william devane. did you know it took our founders 116 days to debate and draft the u.s. constitution? turns out they didn t trust the printing of paper money, but they did trust gold and silver. article 1, section 10. gold and silver. good for the founders, good for me, good for you. rosland capital - is a trusted leader in helping people acquire precious metals. gold bullion, lady liberty gold and silver proofs,
objectively embarrassingly partisan hack. these are supposed to be the people grappling with the big issues that are in front of us as a country and this is how they behave. it is just ridiculous. rfq junior specifically. go on. harris: based on what you just said it was like a whole forum of cancel culture. exactly. it was ridiculous. the real heart of it was something he said. i will read the quote. it is so important and central to all of this. he said quote, misinformation is information that is true but inconvenient to the government. that really captures what has gone on here. i think it was especially the pandemic that accelerated this. if you look back over those years all the things we were saying that were labeled misinformation by big tech and by the biden administration, whether masks, lockdowns, the validity of vaccine mandates on the basis that vaccines don t
just the basics. i had already read between the ages of 55 and 60 are the years you start to prepare for retirement. so if only 36% of those people at those ages think they can plan ahead, they are not even sure what will happen 20 years from now. that s really what they are doing. and that s not a good thing. last quick thought. well, i just went to the supermarket. you mentioned the supermarket with my wife last weekend. i don t usually do the shopping. i fell over from everything cost, milk, meat, eggs. the other point to make is people as people are getting older, their savings have been dwindling. there will be a report out in the next week or so that shows credit card debt ready for this one? will exceed $1 billion. people are in debt right now. that s a big problem. harris: great to be with you on the faulkner focus.
that are in distress. harris: looking at this, i ve learned more about the city of phoenix than i knew just in full disclosure my husband is from that state. a home in scottsdale. you have an encampment of homeless people like san francisco. 3,000 people in it. thousands of homeless in your state that i wasn t even aware of. but that s a particular area that they are looking at. people are perishing as they try to make it outside, 118, 119 degrees. your last quick thought. i know politics have to come into that. how do you deal with this? well, that s been set up and in downtown phoenix area. they have to make sure that there is adequate water. being outside when it is 118 and cool down to 90 is a very dangerous situation. so it is dangerous for the homeless. i will add one more thing. it is dangerous for the thousands of people every day trying to cross the southern border because it is not just in