High inflation is costing Americans an extra $1K a month
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Inflation is once again gaining steam, forcing the average American to shell out a lot more money for everyday necessities.
The typical U.S. household needed to pay $227 more a month in March to purchase the same goods and services it did one year ago because of still-high inflation, according to calculations from Moody’s Analytics chief economist Mark Zandi shared with FOX Business.
Americans are paying on average $784 more each month compared with the same time two years ago and $1,069 more compared with three years ago, before the inflation crisis began.
The analysis suggests that while inflation has fallen from the highs of mid-2022, many families have yet to see material relief.
“Inflation has not just stalled, but it is moving in the wrong direction,” said Lisa Sturtevant, chief economist at Bright MLS.
The Labor Department said Wednesday that the consumer price index (CPI), a broad measure of the price of everyday goods including gasoline, groceries and rent, rose 0.4% in March from the previous month. Prices climbed 3.5% from the same time last year, above the 3.2% figure recorded in February.
However, when compared with January 2021, shortly before the inflation crisis began, prices remain up a stunning 18.94%.
Inflation has created severe financial pressures for most U.S. households, which are forced to pay more for everyday necessities like food and rent.
https://www.foxbusiness.com/economy/high-inflation-costing-americans-extra-1k-month
This is definitely true for our family. We have 7 kids and live in Denver, which is hella expensive and rapidly deteriorating socially (but that’s another story) and we’re easily pushing 2,000+ per month on groceries and diapers. It’s like a quarter of our take home pay at this point.
I volunteer at a local food bank and we’re also allowed to “shop” the shelves after our shifts, we don’t eat meat every day, buy most stuff generic, etc etc. But with growing kids and hungry boys especially, it’s deeply worrying to imagine if food prices do in the next 2 years what they’ve done in the last…
It’s a lose-lose when it gets worse than it is now. If you’re not struggling, you’ll become a target. Thanks be to God for what we have until we’re forced to bug out.
A bit out off-topic here, but wanted to spread word for prayers for Dr. Wolfgang Smith. His proposition of physics for the idea of Vertical Causation is a game changer pointing towards the existence of God, and the fact that science is fundamentally incapable of explaining anything from the bottom-up.
“Just got an email from the Philos-Sophia Initiative stating that Wolfgang Smith has suffered a turn for the worse, and will now retire from all future contributions.”
https://twitter.com/FamedCelebrity/status/1780316879753556456
Saw a chart that illustrated the difference in cost increases between Trump’s term and Biden. On average, prices went down .5% under Trump (on average). On average, prices have increased 20% under Biden.
In general, a president has very little authority to impact prices that you and I see. However, when a president’s party, in conjunction with the president, sends billions overseas (theoretically…I still think roughly 90% of what was “spent” stays here and lines certain people’s pockets), and then spends billions on “acclimating” criminal trespassing aliens and prosecuting political enemies, that WILL be felt by you and I.
This isn’t just Biden. It’s all the Republicans who support sending money to people to fight their own wars, overspend here at home, and allow crime to run rampant (as in illegal immigration), and their allies across the aisle who support perverting our kids…while spending money we don’t have.
The biggest driver of price (inflation) is when the government prints money. The largest jump in US debt in US history was 2019 to 2020. . And that was when Donald Trump, the man who hired Fauci, did whatever he said, paid states to stay locked down. All that money he spent came from printing money. Then Trump dropped a bioweapon on all of us.
Biden simply continued with the Trump level of spending and printing money.
We didn’t get to 34 trillion in debt without help from every president. Including “Let’s move the US embassy from Tel Aviv to Jerusalem instead of drain the swamp” Trump.
They have to print money to keep the Ponzi scheme going. Think about where money comes from. It circulates into society through bank loans. For every loan they charge interest, but only the initial loan is added to circulation. It is impossible to pay back the money since there is not enough money exists in the economy to pay back all debts. To keep this scheme from collapsing they have to somehow keep adding money into the system.
A currency pegged on something tangible like gold means that they can’t print unlimited fake money.
Bernie Madoff…where are you when we need you!!!
Bernie is a proud Hofstra University alumni….like me 🙂
American Democracy doing what it consistently does!
House Passes $95 Billion Aid Package For Ukraine, Israel And Taiwan – But Not US Border
https://www.zerohedge.com/political/house-passes-95-billion-aid-package-ukraine-israel-and-taiwan-not-us-border
“Democrats and some Republicans waved Ukrainian flags during the vote, a rare moment of bipartisanship in a bitterly and narrowly divided House.”
They voted to continue spying on Americans without a warrant only recently too! Republican’ts doing what they consistently do!
America is Joever!