University of Michigan Just Confirmed What Biden’s Inflation Did to Your Savings University of Michigan Just Exposed the Two Americas Biden Left Behind
Joe Biden spent four years telling you his economy was the strongest in history while your grocery bill told you something different every single week.
Now the University of Michigan just released a survey that puts a number on what you already knew – and it splits America into exactly two groups: people who own assets, and people who got left behind.
You already know which group Biden's policies built.
How Biden's Inflation Destroyed Your Purchasing Power and Dollar Savings
The Bureau of Economic Analysis reported that the personal savings rate fell to 3.6% in December – a four-year low, down from 3.7% in November and a long way from the 26.2% pandemic peak when Washington was mailing checks and there was nowhere to spend money.
Here's what nobody in mainstream media will say plainly: saving money in America has become a losing strategy.
Since 2000, the dollar has lost roughly 47% of its purchasing power by CPI measure. In that same stretch, the Dow has climbed more than 300%. An ounce of gold has rocketed 1,600%. The median home price has tripled.
Your savings account is paying you a quarter per month. The market is making asset owners rich. The math isn't hard.
Billionaire investor Ron Baron laid it out on CNBC in November 2023 with one of the most honest assessments you'll hear from Wall Street: the government pays for wars and pandemics not by retiring debt, but by making your money worth less. He calculated that at 4% to 5% annual inflation, the value of your cash gets cut in half roughly every 14 to 15 years.
That's not a glitch. That's the system working exactly as designed.
The Personal Savings Rate Collapse and America's Cost of Living Crisis
The University of Michigan's February consumer sentiment survey just confirmed what millions of working Americans already feel.
Joanne Hsu, director of the surveys, reported that a jump in confidence among the largest stockholders was entirely canceled out by a drop among households with no stock holdings – leaving the national index unchanged.
Higher-income and college-educated consumers felt better.
Lower-income and less-educated Americans felt worse. Same country, the same month, two completely different realities.
Biden's four years of reckless spending pushed inflation to levels America hadn't seen since the Carter era.
That was the inevitable result of decades of out-of-control government spending, and American blood and treasure spilled in Afghanistan and Iraq.
Savers got punished by all the easy money. Asset owners got richer. That's not a coincidence.
The Fed had to slam the brakes with interest rate hikes that crushed housing affordability. The people least able to absorb that hit – working and middle-class families trying to save for a down payment – took the full force of it.
That's the bill for decades of easy money, endless war, flat-out fraud, and runaway government spending delivered straight to the people who could least afford it.
And now it appears America is resetting for another years-long, all-they-can eat buffet for the grifters and blood lusters who enrich themselves on war.
Trump Accounts For American Children Promise Generational Wealth – Through Socialism?
Trump's administration says it is addressing the asset gap with a policy it claims will reshape generational wealth in America.
Trump Accounts give every American child born between January 1, 2025, and December 31, 2028, a $1,000 government seed investment from the US Treasury – which last we checked meant taxpayers.
Those taxpayer dollars will automatically get dropped into a tax-deferred index fund account the moment parents file a simple form.
Treasury Secretary Scott Bessent put a number on what that seed looks like at retirement: at least half a million dollars based on historical growth rates.
Historical growth rates are fine but factor in historical inflation rates too.
Doing so likely means that half a million dollars, which today wouldn’t buy a starter home in many areas of the country, will be worth far, far less when they mature in 18 years.
That’s right, Trump account holders will have full control over the money when they turn 18.
And, assuming the Wall Street casino doesn’t obliterate the money first, how many 18 year-olds do you think will immediately cash out and blow the money?
Already, roughly 500,000 families have filed to open accounts since the 2026 tax season opened just days ago.
It won’t all be taxpayer money at least. Michael Dell and his wife pledged $6.25 billion to extend the program to 25 million children who don't qualify for the Treasury's $1,000 – giving them $250 each to get started.
If you're a grandparent reading this who doesn’t see a moral problem enriching your family off of the backs of taxpayers – you can open one yourself, right now, for any grandchild under 18.
You don't need to wait for their parents to act – grandparents are in the eligible custodian list, and that $1,000 seed taken from taxpayers is waiting.
This is supposed to be the answer to the divide the Michigan survey exposed: give every American child a stake in the Wall Street casino from birth.
Of course, the better path to actually close the asset gap is to first halt the massive waste, fraud and abusive spending of taxpayers’ dollars that requires “easy money” – aka cheap borrowing – to keep it all going.
Then bring back sound money so saving actually gets rewarded.
Americans aren't saving less because they're irresponsible. They're saving less because decades of easy money and reckless spending made saving irrational.
Biden – and like it or not every other politician this century and most of the last – did all they could to keep the gates open on the Central Banks’ easy money fire hydrants.
The elites closest to them grew ever richer.
Everyone else got to choose – get paid basically nothing for saving your dollars and watch their purchasing power evaporate, or pump them into the market and hope you’re out of the game when it crashes.
Trump Accounts are handing the next generation a seat at the table before the game even starts.
Sources:
- Andrew Moran, "US Savings Rate Slides Again," Liberty Nation, February 24, 2026.
- Joanne Hsu, "Sentiment Stagnates, Wealth Gaps Grow," University of Michigan, February 2026.
- Scott Bessent, "Trump Accounts: The Defining Policy of America's 250th Anniversary," U.S. Department of the Treasury, January 28, 2026.
- White House, "Landmark Dell Gift Supercharges Trump Accounts for America's Kids," December 2, 2025.
- Congressional Research Service, "Introduction to U.S. Economy: Personal Saving," Congress.gov.
