The ABC, CBS and NBC evening news shows buried a report showing that most Americans currently live paycheck to paycheck as the cost of living continues to skyrocket.
Fintech marketplace bank LendingClub released a report March 3, which stated that “[t]he number of consumers living paycheck to paycheck has increased steadily since April 2021 and was 64% in January 2022 – 12 percentage points higher than April 2021.” It got worse: “The data show that 48% of consumers earning more than $100,000 per year reported living paycheck to paycheck in January 2022 — up from 42% in December 2021.”
Of course, such news could be politically disastrous for President Joe Biden’s administration, so ABC World News Tonight, CBS Evening News and NBC Nightly News ignored the story altogether during their March 3, March 4, March 7, March 8 and March 9 broadcasts.
CNBC emphasized how the report reflects the state of the U.S. economy as inflation continues to pummel the pockets of U.S. workers:
As daily life gets more expensive, workers are having a harder time making ends meet. While wage growth is high by historical standards, it isn’t keeping up with the increased cost of living, which is growing at the fastest annual pace in about four decades.
Apparently the plight of most Americans struggling to make ends meet wasn’t worth any coverage from the pro-Biden evening news networks.
What makes the LendingClub’s report worse is that CNBC in January said that “Americans now say they need to be making roughly $122,000 a year to feel financially healthy,” based on a report from financial services website Personal Capital. CNBC noted that the $122,000 figure was “more than double the national average.”
The ABC, CBS and NBC evening news shows have shielded Biden from news that could hamper his already imperiled economic image. Gallup released a devastating poll Feb. 2 showing only 33 percent of U.S. adults were satisfied with the state of the U.S. economy, a 10-point drop from 2021. All three network shows ignored that story during their Feb. 2, Feb. 3, Feb. 4, Feb. 7 and Feb. 8 weekday evening broadcasts.
The Big Three also recently buried news that the U.S. national debt topped a whopping $30 trillion for the first time in U.S. history. The Big Three even blacked out news on Boston Bomber Dzhokhar Tsarnaev receiving a $1,400 COVID-19 relief payment after enactment of Biden’s $1.9 trillion stimulus. In 2013, Tsarnaev was involved in the detonation of two homemade bombs amidst a crowd watching the Boston Marathon, killing three and injuring more than 260 people.
Conservatives are under attack. Contact ABC News (818) 460-7477, CBS News (212) 975-3247 and NBC News (212) 664-6192, and demand they cover economic reports like that from the LendingClub, even when the reports might be detrimental to the Biden Administration.
NewsBusters News Analyst Kevin Tober contributed to this report.
