Cost of Living Rises Yet Again: You're Now Paying $1,037 More Each Month
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- Опубліковано 10 кві 2024
- It comes as no surprise to anyone who pays for everyday necessities like food, rent, and gasoline that prices continue to rise. The newly released Consumer Price Index shows inflation rose 3.5% over this time last year, which is higher than the predicted 3.0%.
Today the typical American household spends approximately $270 more each month on basic items than they did one year ago, and a shocking $1,037 more per month than they did three years ago, according to Moody's Analytics. That was in 2021, before inflation shot up to 9.1% in 2022.
E.J. Antoni, research fellow in The Heritage Foundation's Grover M. Hermann Center for the Federal Budget, told CBN News the Biden administration is to blame for high inflation.
Read the full story from CBN's Lorie Johnson:
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$75 billion to Ukraine = Record High Inflation.
It’s russian money
What about all the money wasted on health care because of morbid obesity?
We didn't send cash to Ukraine do your research before commenting. We sent $75 billion in old weapons besides the himmars
They just put forth another student loan debt relief bill again it never ends
@@gamingwitharlen2267we also sent money so quit it
Everything is going up except for my paycheck!
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
Investing is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AMBER KAY WRIGHT” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
I'm tired of going to work like everything's fine when it's clearly not.
I'd drive to work stop out side the gate wonder if I should go in but I needed the money to pay for my costs of living
Me too, ever since I move into my studio, it was 720 and now its 970.
@@Zipperskull_my apt went from 850 -1465 in 5yrs
I couldn’t agree with you more.
At least you have a job and income
The rent is out of control.
No sheet Sherlock!! 😂
Unsustainable
It started with the lockdowns everyone wanted more space and WFH. It's not going back to how it was sadly.
Than watch the squatters increase dramatically. @@myday2704
Mine went from 2200$ to 4000
Those who have been paying attention knew to get out of debt, prepare, and pray.
10+M illegal immigrants are housed, fed, educated, and getting medical treatment for free. Generously contributed by the taxpayers. Why would prices go down?
Do you know that immigrants pay taxes and housing costs regardless of status?
Mr. T 2024!
Feels good being an immgrant
Right on. You forgot the student loans BS Biden is trying to buy votes
Illegals pay billions every year and they don’t get a dime back . Stop spreading misinformation. Be mad at all that foreign aid our government sends out every year.
Americans won't do anything about it and the Government will keep laughing at them and squeeze them more.
Food is expensive now😢
foreals spent 60 bucks at walmart for like 5 items smh
50 dollar Hamburgers and 40 dollar fries at Five Guys!! HAHAHA
@@musicman76enator haha 💀
It wasn't like this when Trump was in
Go do your grocery shopping at Aldi
Last week 40 dollars filled my gas. Today it only went 3/4. And summer means more power consumption for cooling. This summer may very well be the end of the line for many. We all go a little crazy in the heat.
So buckle up
I used to put ice packs in my pants. Much cheaper.
$40?! As soon as I finish school i'm moving out of this democratic hole of a state. It costs me nearly $100 to fill up my sedan from empty in Califrnia and im an hour away from SF.
Why doesn't my pay go up? Companies should be forced to adjust wages with "inflation" js
That creates more inflation. People need to stop spending. BUT PEOPLE REFUSE TO DO SO
@@Yilver499Nobody should stop spending. They worked hard they can enjoy!
@@Yilver499 Wrong. The GOVERNMENT needs to stop spending. The government spends money it doesn't have by printing money out of thin air. That is the true cause of inflation.
Sorry! Bottom line is companies are greedy!
@@Yilver499So what would you expect people to do? Simply stop existing? We're talking about living costs here ....
The cost of living seems to be increasing every year, making it harder to keep up.
Indeed, it's becoming quite challenging to manage expenses.
I've actually managed to stay ahead of the curve. I'm even contemplating early retirement.
@@AshleyKeith-vw7ws Impressive! How did you achieve that?
@@LeahLewis-ny9iu Our family got introduced to a financial consultant about four years before my dad retired. That was what changed things, and I think my retirement income will be on the right track, luxury cars and trips
Wow, that's impressive! I've heard of her. I'm excited to hear about her success stories. I've actually had my mortgage paid off by following her guidelines calls.
Food, rent, fuels, heating and cooling costs for your home, bankruptcies. It's putting more stressors on all of us except for the very rich.
It’s the voters’ fault and liberal supporters.
You are seeing the consequences!!!! What are the causes??!!!
The price gouging has to stop 🛑 . Taking advantage of us Americans has got to 🛑 stop.
@@LWRC causes- Biden govt
@@desireemanko5387
There is no price gouging! These are market prices caused by Democrats forcing their green energy policies and destroying the oil industry!!!!
Imagine if the media and government actually told you the truth.
The borrower is slave to the lender. Don't put yourself in that position.
absolutely true
But some people have no choice specially when your assets are been decimated and your income is not as good as it used to be. 😢
@@reneestevez7193you always have a choice not to borrow.
@@CaliSteve169
True starve to death....., in my personal case you are right. I saved some $$ for tough times and worked my axx off before and during the pandemic. Eventhough I made the right choice my job is not nearly as profitable as it was before and my savings have been getting thinner during the las two years. I could afford things before that I can't now. I have seriously considered applying for one of those. Living below my means has helped but it is NOT my fault our govt. keeps spending and printing ¿you know?
@@reneestevez7193 yeah I agree. The govt is doing this by design.
The grocery store prices have risen significantly, leading me to conserve food and reduce my food intake. I've even started skipping meals to save money and ensure survival, a trend I've noticed among many others I know.
I been thinking of doing the same thing
I bought a pack of bananas,oranges watermelon 🍉 apples for a whopping total of 24.99 da fuq?
I’m voting for whoever is against funding Israel and Ukraine
Don't worry. Joe's got you covered.
Bidenomics
😂😂😂
Thank you President Joe Biden you have my vote 2024
The thing is I don’t think people actually want to use their credit cards , but have no other choice given the circumstances. It’s be broke and homeless or try and get by with another credit card payment. I’m not saying it’s right, but some people did not plan their monthly expenditures to keep rising with some of these prices.
I'm on Social Security and make sure I can manage. My house is paid off which is my saving grace. I've cooked my food at home all my life and saved up. I only shop food that's on sale, I've not eaten out in 9 years. I've had to cut corners all my life and still do.
@@UncleDavesKitchen”my house is paid off which is my saving grace” do you understand the difference in buying a home now compared to when you were in your 20s?
@@dthrust9037 that has nothing to do with what I'm saying. ALL of these people are about my age and had DECADES to buy a house when they were plentiful and easy to qualify for. BUT THEY never bothered. It has NOTHING to do with today. Think before you make statements.
@@dthrust9037 I can only talk about is MY experience, not anyone else's experience. I worked 2 jobs for 20 years to buy a house.
@@dthrust9037 What does that have to do with anything?
And my hourly wage is less than it was over 20yrs ago ... About the same hourly wage that my dad made in the 1980s.
I made $4.25 in 1988
@lovelife7343 wow. How u made it?
@@strongtowerman9661everything was cheaper; rent in certain areas was no more than 500. I paid around 360 for a two bedroom at the turn of the century
Apparently you're working the wrong job. I quit working 4 years ago I've been offered $5 more an hour buy my old employer but I don't need to go back to work I can live very well on my Social Security and still save every month. No government assistance government assistance
America voted for it
If Donald Trump was President, we would still have high inflation. Inflation can be the result of rising consumer demand. But inflation can also rise and fall based on developments that have little to do with economic conditions, such as limited oil production and supply chain problems. We had a global pandemic and a war break out between Russia and Ukraine, which caused supply chain issues.
@@ReeCooks14579😂😂😂😂😂😂😂
@@Onehitwonder828
What’s so funny? The pandemic started when Trump was still President and even though he says that Putin never would have attacked Ukraine if he were President I don’t believe him.
Funny how you think this wasn't all done on purpose?
@@ReeCooks14579🤣🤣🤣🤣🤣🤣🤣
Courtesy of Biden and Democrats.
Whatever the media tells you. Double it
More like Quintuple it hahaha 😂
@@musicman76enatortruth!
Double it and give it to the next person 🫠
Yep. 2 years ago our monthly expenses were $2,200 a month on average. Now it’s $3,000. Our expenses have not changed ! Just inflation and gas costs !
Joe's gotta go!
to bad Republicans can only offer a grifter like Trump. I sincerely wish they had a better offering.
@@kona6451I am a registered republican. I don’t like trump
@@2011sliverdude
Under Trump gas was $1.79…
We were drilling our own oil and energy independent and now because diesel prices are twice now what they were 4 years ago, the prices of ALL goods skyrocket.
@@cjhoward409 I don’t want a president that pays hush money or talks the way he does and him being a celebrity is not good either
Expeditiously 😂
My rent just increased ,200.00 a month. My auto insurance just went up, 500.00.
Our rent went from 1095 to 1595, was there for 6 years. 500 increase in one shot
Time to switch companies. Esurance is cheaper.
@@pinballjunkiesover the course of 6 years you should be able to afford a 500 dollar rent increase-
You insurers just made record profits.... LOL.... rich get richer
@@dotagedrain7051
There’s a Bible Verse that says
“The rich rule over the poor , and the borrower is slave to the lender “. 😮
$3 billion to Israel….
$80 billion to Ukraine, $50 billion towards illegals, $200 billion to other countries. Zero towards American citizens, time to vote the democrats out of office.
Best thing the common person can do now is live frugal as possible.
Get super smart with your groceries and also be wary about your gas money. Stop eating out at these overpriced fast food and chain restaurants. Start buying very basic essentials like eggs, frozen vegetables and fruit. Buy meat only when it is on sale. Stop buying anything processed, it is expensive and is bad for you. Start learning how to bake your own bread. Make your food stretch. Make sure you always get your phone out to limit your time sitting in traffic and getting the best route to save time and gas. Cancel subscriptions and just pirate online to save money on media. Put up with ads on youtube or spotify if you have to.
Keep on sending billions to Ukraine. The inflation crisis is only going to get worse.
We didn't send cash to Ukraine do your research before commenting. We sent $75 billion in old weapons besides the himmars
Not inflation cause. Economics 101.
@@Yilver499 "we didn't send money"
American taxpayers are providing more than just weapons. The U.S. has pumped nearly $25 billion of non-military aid into Ukraine's economy since the invasion began. -CBS News
Lol
@@Yilver499yes we did we’ve been sending billions over there and Zelenskyy is pocketing it all for himself
@@gamingwitharlen2267holy density to your deities. If you believe that I've got a poopy flavored popsicle that'll knock your socks off
Thank you, ZELENSKY!!!!
Freaking greed and we know it.
Bidenomics
The FED has no intentions to lower anything, we still pay more for less a package of meat as small as a Lego block cost you $30+ dollars and now we have to once again compete with gas prices, I told my wife this reminds me so much of how it was during COVID minus we aren't being forced to stay at home, price remain high and living everyday seems unattainable with little stability.
That's not true. I called my CC company. They refused to lower my APR
Do you know how many bankruptcy cases were filed during covid because companies refused to work with people.
Why are you paying them interest anyway?
Bankruptcy is all they understand, but lol 😆 even then they won't work with you.
I get calls all the time from my credit card company wanting to lower my rates when I tell them I don't carry a balance they hang up on me
@@debbieframpton3857 that's the way to do it
It’s out of control, I work in the oil rigs and I’m struggling, if guys in the oil industry are struggling then it’s getting bad.
Maybe you should sell the jacked up truck your paying for
LTL freight is down as well…
I'm a senior citizen turn the living room on Social Security only the last 4 years no government assistance even when working retail I could put money in a 401K Roth IRA and savings. It's all about where you live and your lifestyle
@@debbieframpton3857 I have 4 kids, two in college. Cost of living since Covid has doubled. As fast as inflation is moving when I’m at retirement age I won’t be able to live. I make great money on the rigs but right now wages don’t adjust as fast as inflation moves. Printing money as fast as we are now is going to put the American people out on the streets.
The Biden economy sucks, I’m surviving on only peanuts and water
What happened to "taxation without representation?"
You can't really invoke that against private economic actors.
You ARE represented though. A lot of you just chose the wrong guy to represent you.
@kenofken9458 Nice, loophole with free agents
@@jg1469 The loophole is called reality.
Commerce is not taxation. Unless you're maybe part owner of a merchant through a cooperative or something, you don't get a say in what is charged. Not in the way you get a say in government elections.
Of course you do have the power of the purse. If you don't like the price, don't pay it.
Left the Democrats and voting for Trump.
That’s what you call bidennomics
Corporations are price-gouging.
its not them at this point, its the govt. they need more money so they will allow these prices to go up to pay their wars. dont blame the corporations cause the govt tells them to do it.
I don't think they are everything revolves around fuel cost when it comes to consumable Goods
Exactly! People should look at what Starbucks or other companies have said. They have bragged about raising prices.
Definitely way to much of that . But those who are price gouging us Americans it will come back on them believe it will.
God knows them has their numbers and will deal with the greed of taking advantage of the poor ,& middle class ,while the rich try to survive for a short time in their luxuries.
Jesus said,
It is easier for a camel to go to the eye of a needle, than a rich man to get into heaven.
With the help of the government.
Elderly on Social security were told there was only a 3.8% increase for them to get by on.
So the lie they were told is so low they can't get their bills paid.
And they increased our Medicare premiums and removed medications that Medicare will cover, they failed to mention that.
I'm a 70 year old senior I've never had any problem paying my bills and I get no government assistance my only income is Social Security and I can still save 20% of that every month
Remember when people were happy receiving stimulus checks? Well, now you know it was not free.
Stimulus checks, billions to 🇺🇦 Ukraine, billions to the wave of asylum seekers, billions for the student debt forgiveness… Biden is a joke.
Oh you mean those peanuts🙄
It was our money to begin with genius
@@brushcrawler8612 exactly
Lmao
Biden voters must be proud ..
Literally, this is their fault
You may want to look up how much Trump spent in one term as President. Sorry, he out spent all other Presidents in one term than anyone else 😂. So, much for draining the swamp. He just wanted his own swamp to enjoy all to himself. Also, I'm sure those large corporation tax cuts will start will trickle down anytime now... They've only had eight years to do so 😂.
@@bviper4538 . The largest drivers were pandemic relief legislation ($3.9 trillion), the 2017 tax cuts ($2.0 trillion), and legislation raising the discretionary spending caps ($1.6 trillion).
@@bviper4538 where did you go ??
I bought a steak, soda and 2 cups of potato salad and I paid 45$…
I paid $3.50 for a markdown ribeye steak at Kroger this week. It's all in knowing how to shop
Thanks BIDEN!!!!! We appreciate it.. 🙄
November can't get here fast enough
No more rigging election Democrats 😮.
And then Jan 20 2025 !!!
Exactly
President Joe Biden has my vote 2024
@@debbieframpton3857 you get gas at the Democrat stations and pay $12 a gallon while the rest of us Republicans will get gas at the dollar a gallon station
Inflation is caused by the greedy corporations. Please get it right.
Bidenomics working!!
explain why logically the government keeps spending outside of trying to defer disaster prior to the election
Because they all want out of the swamp 😅 finding there way out with out being blamed for anything.
All by design…No coincidence!!! Put faith in The Most High YAH!!! Sincerely seek out a relationship with Him!!! ⏰⬆️WAKE🆙
$5.99 a gallon in truckee,ca
It's the same here in the UK
Worldwide, and no accident either!
the unknown migrants sure are living the good life.they don't have to work and they get free everything.
They also don't pay for car insurance.
Hey let’s identify as those people then, it’ll work right? I mean you can identify as anything you want now
Thanks Biden !
All of my rich friends are shopping at Costco, lol
One bedroom is $2000 in my area!🤠🇺🇸
Americans need to refit why are we taking so long to revolt against the government they are doing nothing about rent and food
Saw an article that said we're "splurging" on food🤣🤣
If it costs a nickel to travel around the world, I couldn't get out of my driveway. :(
3.5 billion are sent to Israel alone every year. Don’t get me started with Ukraine .
The interest rate on debt is the least of the consumers worries. The increasing the debt load is the problem.
THANK YOU SO MUCH.
0:38 - As a Canadian with a full time job, mortgage, two cars, wife & 3 kids to feed.
We have a strict budget and zero debt (seriously).
We don't over spend and we are cautious on what we do spend.
Don't live above your means.
And this is exactly why people need to learn this lesson. When times are good you save your money when interest rates are low you save your money for times like this.
Car Insurance, utilities, interests, food, ect will break people accounts then ever before
The truth is, a lot of people are unwilling to lower their standards of living from what they’re at. I moved into a smaller apartment and pay less, I don’t go out to eat anymore, small things definitely offset the inflation
Thanks FEDS and government! Also, if people would just get out of debt and stick to a budget, that would help tremendously.
Great reporting, this was the best type of news investigative journalism
You voted for this 81 million remember
I fell into homelessness during the pandemic and live in a Toyota Sienna minivan now.
The government spending needs a yr over yr growth rate cap. Those who can't budget need to be replaced. This whole thing is simple & is now a huge mess...spend less than you make.
GOD BLESS You Mr. Robertson 🙏
It’s called building back better
Economic collapse
@@mysteryworld8170 yep
Lmao
building back broker
@@zackdirusso3391 that right!
Hyperinflation. , Depression. Economic c😅lapse countdown.
"We did it Joe"
I accept it now.
$300 or more a week on food for one person
Solution: Stop buying large, expensive cars and drive less.
Wow really
You know it’s not just cars, right? Housing has become unaffordable, rent has skyrocketed and groceries are more expensive as well.
Or just stop eating.
@@user-fc6yt5zj6d you'll get healthier.
Tell that to the companies that hire workers
The cost of everything has been going up for years and only increased drastically due to covid within the last few years. Corporations would almost always keep a price high if a product was still selling. Now that Americans have gotten "used" to paying higher prices, the corporations will not lower them unless there are consequences.
The root cause to corporations not having consequences goes back to when lobbying became legal. It is worth millions to a corporation to ensure the politician they want gets in office. Lobbying should be illegal but that will never happen. In my opinion, American politicians are not for America. They are for themselves and keeping themselves in office. They will do whatever is necessary to ensure they keep their position.
As an American citizen, there pretty much is nothing we can do. Sure, we can go out and vote but we are nothing but a tiny tiny tiny drop of water in a big ocean.
Bidenomics is working 💪
That’s why I’ve lost hope in this country and is the reason I am leaving. I’m taking advantage of the US schooling system so I could take a trade school or a junior college and learn the skills I need to live in another country that has high demand for the workers they need. America has become a total joke. America is looking like Argentina, Brazil, Mexico, and China every day.
Thanks Joe Byron!
The only way to pay bills now is having 4 ppl live with you working together 💰
Are they talking about record corporate profits here?
Need to start living within our means.
Vote for Biden again it gets even worse, even our rights!
Again... People are living out of their means because they want nice things, car, house. Live simply. I do and don't live off credit.
Give us some tips ol wise one??
Company’s “Guys this is records months”
$1 trillion DEFICIT in the first 6 mos of this fiscal year, $1TRILLION
❤TRUMP 2024❤
Yup Inflation & Stagflation took all my buying power away from me. I’m glad I’m not the only one
Going to tell you what I’m doing.
Grilled Cheese and olive oil (to get enough calories for the day). Supplement that with fiber, fish oil, multi, vitamin D, magnesium and B12 and that’s as best you can get not eating highly processed food and still get enough protein. I do take 3 scoops of whey per day since I weight train everyday. I’m fortunate that I can eat the same thing everyday and maybe treat myself every 5 or so days. I don’t know how I’d afford eating a more balanced and varied diet..
Biden and the democrats rn jumping for Joy. We did it!
“Whatever it takes to live within your means”
*commits crime*😂
But, but, but, at least the bully was voted out of office!!
Question is, why are the feds sending 95 billion dollars over seas and we over here struggling?
Last year cost of debt service was under $700 billion, in 2024 it's up to $1.6 trillion, and $2.5 trillion by early 2025. Bottom line inflation is here to stay for years to come and it's probably more around 15% and not 3% as reported by the government.
The 3% is the inflation index does ont include food or fuel, which everyone knows is up way the heck more than 3% as are insterest rates.
Looks like I'm living off beans and sardines.
Eating bread and butter as we speak. It's something.
with the economy so strong, i support increasing rate to stabilize inflation