Checkbook Economics, Household Expenses Rise $961 Per Month, $11,532/yr, While Incomes Remain Flat

Centinel2012

Posted originally on the conservative tree house on September 22, 2022 | Sundance

With most financial media being intentionally obtuse with the Biden economic impact upon Main Street, it is refreshing to see analysis that cuts to the heart of the matter.HatTip to ZeroHedgewho provides a link to agreat articleoutlining reality for blue and white-collar working families.

The folks atNerdWallethave taken the inflation date from the Bureau of Labor and Statistics (BLS) and applied the math to real life. The result is a good encapsulation of checkbook economics and how the Biden economy is painful for the working class.

In total, Joe Biden’s energy policy driven inflation has added $961/month to preexisting expenses. That’s $11,532 a year just to retain the status quo standard of living.

(NerdWallet) – […] In all of 2020, American households spent $61,300, on average. This number includes everything…

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