The White House loves to tout President Biden’s economic policies — “Bidenomics,” they are collectively called — but what’s clear is that they are not having a noticeable positive effect on a growing number of Americans.

Quite the opposite, in fact.

According to Fox Business, home foreclosures have shot skyward by 34 percent since last year, and the trend doesn’t look like it will be reversing any time soon.

“Even with the national economic upturn and job stability, it’s evident that some homeowners are still grappling with the pandemic’s financial aftermath or encountering new challenges,” claimed Rob Barber, ATTOM CEO.

“Foreclosure starts are nearly back to where they were two years ago when the federal government lifted a pandemic-related moratorium on most foreclosure filings,” Barber added. “This rise in foreclosures might also be attributed to pending filings finally processing.”

The outlet continued:

Real estate experts are bracing for a significant blow to the market since the pandemic-era freeze on federal student loan payments officially came to an end at the beginning of October.

A recent poll conducted by Pulsenomics found that most economists said homeownership rates will be affected for at least a year by the resumption of student loan payments – and many predicted the impact could be longer than that.

More than 75% of the survey respondents said that the payments will have a negative effect on homeownership that lasts for a year or more. About 40% predicted an even longer impact of at least three years.

But Republicans argue that Biden’s policies are inflationary, such as massive government spending enacted when Democrats controlled the White House and both chambers of Congress.

“It cannot be denied that over the last three years, no matter where you go, prices have risen. This fact contradicts what the President says when he touts “Bidenomics”, his economic philosophy. But working Americans are not buying the Bidenomics plan. They feel the budgetary pain caused by the President’s policies every day, which include spending trillions of dollars and drastically increasing the size of the federal government,” Rep. Stephanie Bice (R-Okla.) wrote in August.

“Since President Biden took office, we have seen two-decade-high mortgage rates, skyrocketing inflation, and extreme gas prices. In fact, Bidenomics has cost the average American family an extra $709 a month compared to two years ago. These costs are having significant long-term impacts on our economy,” she added.

CNN reported in August that credit card debt among Americans hit a record $1 trillion.