Report: Inflation Will Cost Average American Family $11,500 This YearChris Menahan
Sep. 23, 2022
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"Americans are set to pay an extra $11,500 this year if they want to enjoy the same standard of living they maintained in 2020, according to new estimates from NerdWallet," The Epoch Times reports.
From The Epoch Times:
The estimates, published in August, were based on inflation and annual spending data from the U.S. Bureau of Labor Statistics (BLS). Analysts at the personal finance company looked at how spending would compare this year to 2020, when the COVID-19 pandemic began.It was only in April that it was projected that the average American will need to spend $5,200 extra per year to live the exact same life.
There's still no end in sight.
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