Over the past two years, many Americans have found themselves struggling. People are barely able to afford to put food on the table, get gas into their engines, or access necessary childcare.
In other cases, folks are actually losing their jobs. With inflation on the rise, business owners at all levels want to cut their expenses in order to avoid going totally under. Unfortunately, this often means letting go of certain employees who rely upon these jobs.
As it stands today, there’s no telling how long it could take for the country to bounce back from the current inflationary problems and recession.
Though as average Americans are falling behind, White House medical adviser Anthony Fauci is seeing his net worth increase over the same time period, per Townhall.
A Sneak Peek Into Fauci’s Finances
From 2019 to the close of last year, Fauci and his wife saw their net worth rise from $7.5 million to $12.6 million. This comes amid new revelations from OpenTheBooks, a watchdog organization.
Within the past few years, Fauci’s seen his salary and profile rise. Of all federal employees, the medical adviser also remains the highest paid. Fauci’s been given interviews and likewise appeared in magazines countless times.
That's a $5 million, 65% increase.
— Jan Jekielek (@JanJekielek) September 30, 2022
Various investments that Fauci’s made furthermore had a hand in the million-dollar uptick that his net worth has seen since 2019. The White House adviser has also come under fire from Americans who disagree with the guidance he’s espoused over the past few years.
Before 2022 ends, Fauci is set to retire from his work in the federal government. Previously, the White House medical adviser claimed he’d be stepping down after Biden’s current term ended.
It’s unclear what prompted Fauci to change his mind.
Meanwhile in the Real World
At the rate things are going, there’s no telling when everyday Americans are going to see their net worths increase by even a fraction of Fauci’s.
At the end of the day, inflationary pressures continue to smother the wages of people who are just trying to get by.
Furthermore, people are finding it harder and harder to secure reliable work. This is because employers are not only laying off people, but they’re also putting a pause on hiring altogether.
“Scary to hear”: US companies are planning hiring freezes and layoffs as the Biden economy flounders:
— RNC Research (@RNCResearch) August 23, 2022
This is especially dire for someone who’s been laid off from their work, yet desperately seeking to find another job to replace this. At the rate things are going, the next few years to come could be rough for the everyday American.
Meanwhile, Fauci and others like him will largely go on unscathed.
What do you think about the massive rise in Fauci’s net worth over the past several years? In the comments section, feel free to let us know what you assume comes next for everyday Americans.