A devastating report indicates nearly two-thirds of Americans are being forced to live paycheck-to-paycheck in the Biden economy, as inflation continued apace at 8.3% in April, exceeding expert predictions and remaining at a 40-year high.

The consumer price index, according to the Bureau of Labor Statistics accelerated 8.3% year-over-year in April, a slight dip from March’s 8.5% but still higher than the Dow Jones estimate of 8.1%.

Even removing food and energy prices, the core CPI still rose 6.2%.

And what’s worse, CNBC reports, “workers continued to lose ground” in the Biden economy as “real wages adjusted for inflation decreased 0.1% on the month.”

They also note that “over the past year, real earnings have dropped 2.6%.”