Most of that increase in spending is driven by housing costs, which have surged, Zandi told CNN in an email on Friday. He added that families are also spending more at the grocery store; on buying, maintaining and insuring vehicles and on recreational services like cable.
Of course, paychecks have also grown over the past two years — but not by as much as the cost of living
Americans are paying more because companies raised prices during the pandemic and never decreased them, pocketing the extra.
Welcome to the new norm. We’re all getting fucked.
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Also I received no raise in 3 years so it double fucks me.
What a terribly written article. It makes it sound like all Americans suddenly have mortgages at the current 7％ when reality is most are sitting with current loans in the 3％ range and much lower payments. This headline assumes everyone is paying the current rates.
$709 isn’t even exaggerating.
My rent alone increased by that much in the past two years.
Add to the $150-$300 more for groceries.
Every restaurant visit averages about $30 per person. Fucking McDonald’s is like $10 for a meal.
I no longer do UberEats or take an Uber, because they doubled in fees.
Same as it ever was
That certainly explains why my savings is going the wrong direction despite no lifestyle changes.
Damn.
all this free profit for them is what is keeping the stock market inflated. but that’s getting ready to come down now too…
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No, it’s $709 more per month. It’s just being compared to 2021.
tnx i read it wrong
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