Wage increases will continue and should give hope for the future, says NEC director Kevin Hassett

Economic Outlook & Inflation - The discussion revolves around the perception of affordability and the impact of inflation on the US economy [2] - Inflation averaged over 5% during the Biden administration's four years [2] - Current inflation is at 3%, considered still too high [2][5] - Real average weekly wages fell during the Biden years due to inflation [5] - Real wages have increased by approximately $1,200 this year, partially offsetting a $3,000 "hole" created by previous policies [7] Government Policies & Spending - The previous administration's policies are blamed for creating a "big hole" that people are still trying to recover from [3] - Increased government spending is cited as a cause of runaway inflation [4] - Obamacare subsidies are criticized for disproportionately benefiting insurance companies and driving up insurance policy prices [9][10] - The fastest inflation in the economy is attributed to government subsidies for Obamacare insurance [10] Cost of Living - The typical monthly mortgage payment has approximately doubled [3] - The cost of a typical bag of groceries increased from around $400 to $512 during a certain period, with minimal increase since then [3]