Authored by Katabella Roberts via The Epoch Times,
Americans are set to fork out 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 estimates, published in August, were based on inflation and annual spending data from the U.S. Bureau of Labor Statistics (BLS). Analysts at NerdWallet looked at how spending would compare this year to 2020 when the COVID-19 pandemic began.
Analysts said 2020 was the “last full year when inflation was relatively stable.” In that same year, the U.S. inflation rate was 1.23 percent.
As of August, inflation in the United States stands at 8.3 percent, according to data from BLS.
“In all of 2020, American households spent $61,300, on average,” according to analysts.
“This number includes everything we spend our money on: housing, food, entertainment, clothing, transportation, and everything else.”
“In 2022, it stands to reach $72,900, a difference of more than $11,500 if consumers want to maintain the same standard of living,” they wrote.
NerdWallet analysts said that this is an average estimate, and therefore one that is “exact to a very few.”
“Those who earn (and therefore spend) more will see more dramatic dollar increases. Those who earn less may see less dramatic dollar jumps, but the impact of these rising prices could be more significantly felt,” they wrote.
According to analysts, total monthly household expenditures are up $961 from 2020, while spending on groceries is up $101. Shelter is up $120 and household utilities are up $70 per household, while gasoline has risen by a whopping $209.
Another Fed Rate Hike
NerdWallet noted that spending figures for 2020 were less than typical given that COVID-19 pandemic restrictions meant that fewer people were commuting, or forking out for childcare and entertainment, resulting in an overall decline in spending.
“It’s a safe assumption that people will spend less in certain categories this year too, if for no other reason than avoiding high prices,” they wrote. “This is primarily why we think spending in 2022 will be more similar to 2020 than 2019, for example, another year for which such spending data was available.”
A separate analysis from the Joint Economic Committee Republicans estimates that inflation is now costing American households an extra $717 each month, although this is even higher in the states of Colorado ($937), Utah ($910), and Arizona ($833).
On an annual basis, the committee estimates that households will have to fork out an extra $8,607.
…
Meanwhile, President Joe Biden insisted earlier this week in an interview on CBS’ “60 Minutes” that inflation “hasn’t spiked” in recent months and remains “basically even.”
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$70 extra, annually, per household, for groceries? They just make this stuff up. They must have a giant carnival style wheel they give a spin every couple of hours to come up with the topic and number and then they bring in their creative writing team and a jar full of Adderall and let ’em rip.
I cannot wait for it to finally come to an end, I cannot stand the lies anymore.
“According to analysts, total monthly household expenditures are up $961 from 2020, while spending on groceries is up $101.”
In quote from article above, it stated that MONTHLY expenditures are up $961 of which groceries are $101. That makes $1212 annually for groceries.
Double that is closer to the reality for people who don’t eat like pigs.
The end is getting closer……….
I’m trying to save up to buy a chicken.
Someone around here is trying to sell chicks for $30 and my wife and I want to know if they lay golden eggs. Then she started telling me about people posting about taking their chickens to the vet. I admit I don’t know that much about chickens, but why is everyone trying to give away their roosters? Cant you just eat them or give them to the other animals or something?
I am barely a hobby farmer at this point and 11500 doesn’t even touch it.
Went to the store this week to buy a lemon. The cashier rings up the lemon at $1.50, the same lemons were 75 cents four days prior. I had a Stucky style meltdown and she changed the price back to 75 cents. True story.
Carry a 2 x 4 grocery shopping and your bill could be much, much lower.
Just apply blackface and shop the way the blacks in San Francisco do.
KJ- I think kneegrows are allowed to heist up to $1,000 in goods now but I’m not sure if that includes food. The meat department alone could get you to 1k pretty quick. I’ll look into this and get back to you, I think you’ve got something here. Many Atlanta kneegrows live in very pricey houses and don’t work, I need to figure out how they manage that one too.
If you were saving so much on food and other retail items, you’d be able to afford a pricey house, too.
If it’s good enough for them, it’s good enough for you.
You should just hire some of them to steal for you.
Iska- Maybe but….Isn’t that against the law, I think they call it collusion? If I steal it myself I’m golden up to $1,000 USD. The kneegrows would most likely steal most of the shit they were stealing for me anyway. Sometimes we just need to steal our own shit and be done with it.
My question, is that 1k per store or per day? And who is keeping tabs?
Iska, we may be retiring to the French Riviera if this works out, in the least we’ll be living in one of those high dollah houses like the NON-WORKING nogs in Atlanta.
I like it. I gotta try jewing them down like that.
Why not? You have nothing to lose .
Worked for Abraham. He jewed God down to ten righteous men all the way from FIFTY!!!
And that, before anybody even knew what a Jew was!!!
Not too shabby.
This lie of modern Jews existing is intolerable.
It ain’t just a loss, it’s an implicit loss.
I keep good track of grocery expenses. I figure on an average up about 25% since Old Joe started his reign
My Amazon history tells the tale. Anywhere from 50% to 200% increase compared to two years ago.
Canned milk was $0.97 now $1.97
M&Ms $9.99/kg now $29.99
Flour $3.99/5kg now $6.99
Chunky soup $1.50 now $3.00+
Folgers coffee $6.99 now $11.99 (and I think they reduced the amount)
Tetley tea $4.99 now $8.99
And dozens more examples.
I wonder how long Amazon will keep the “previously ordered” pages available? They reveal real inflation.
Screen save the little buggers!
You gotta try Aldi. Unfortunately, all they have in stock these days is oatmeal and celery.
Enter your fave candy bar from your youth and then its price today:
https://www.bls.gov/data/inflation_calculator.htm
It ain’t all Resident Biden. Inflation has been “eating out our substance” as the Declaration says since 1913. End the Fed. And the S really HTF after Nixon shut the gold window:
FROM:
& https://wtf1971.com/
END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED. END THE FED.
1974 25 cents bought you two Hersheys bars and a bag of sunflower seeds. Hot lunch was 35 cents, but that was only for the rich kids. I remember mom trying to pass off some horse meat sausage on us.