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Skyrocketing Expenses Plunge Americans into Financial Peril [1]

['Mark Frauenfelder']

Date: 2023-11-29



"Middle- and low-income Americans aren't doing well enough — they are living fragilely on the edge," said Gene Ludwig, chairman of the Ludwig Institute for Shared Economic Prosperity (LISEP), to CBS News, discussing the steep rise in expenses Americans are facing.

Coloradans are particularly affected by the worst inflation in 40 years. A report indicates that a household in Colorado must now spend an extra $15,000 per year. Housing prices in the state have increased by $267 per month since 2021.

Highlights (or lowlights, I suppose) from the report:

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[1] Url: https://boingboing.net/2023/11/29/american-families-must-pay-11434-more-to-maintain-2021-living-standard.html

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