Inflation Costs You $8,500 More

money getting vacuumed up
inflation sucks...the money out of your wallet. Stagflation takes the wallet.

Surprised to see CNN admit that inflation “has done lots of economic damage.” Research from Moody’s says the typically family is spending $709 more per month to buy the same things they bought two years ago. That’s quite a wallop on the wallet. To break even, the breadwinner would have to have seen a $4.50 per hour raise in that time, and that’s unlikely.

Most of the extra costs are due to rising housing prices, more expensive groceries, and insurance.

Published 8/11/2023. Read full article.