Under Beshear, Kentuckians saw the largest three year drop in household income in state history
Louisville, Ky. (October 10, 2023) – Attorney General and Republican nominee for Governor, Daniel Cameron, released the following statement in light of economic data showing Kentuckians continue to struggle in the Biden-Beshear economy.
“While Andy misleads voters about the state of the Biden-Beshear economy, the numbers don’t lie,” Cameron said. “We are worse off than we were four years ago. Beshear touts fake numbers to cover up the failures of the Biden-Beshear agenda. Kentuckians know the truth: they see it every day when they look at their dwindling savings accounts and higher costs for groceries. Andy Beshear is indifferent to the pain our families are facing.”
- Under Biden and Beshear, Kentucky’s household income has plummeted. Real median household income in Kentucky has fallen by more than 12 percent since Beshear took office, more than four times the national decrease of 2.7 percent during the same period. This is the largest three year drop in Kentucky history. (Federal Reserve)
- Since June, there are 10,000 fewer people working in Kentucky and 4,000 more on unemployment. Beshear continues to tout numbers showing Kentuckians are having to work multiple jobs to make ends meet as an economic achievement. (Bureau of Labor Statistics)
- Businesses continue to cite labor shortage and inflation as reasons for closing. WDRB TV recently reported on another long-standing restaurant in Louisville closing because of labor shortages and food costs. Spectrum One reported on the struggles of businesses like dry cleaners dealing with rising inflation.