As one of those who the media has deemed “families living from paycheck-to-paycheck” I can tell you that not that long ago, when my family was faced with an unforeseen bill of $100, well… that hurt.
I realize I’m not alone. More than a few of us knew what it was like when ordering a pizza was considered a luxury, and a rare one at that.
But imagine my surprise when I read an article from CBS News that sounds as if it’s straight out of the Trump 2024 headquarters;
The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data.
Such figures underscore the financial squeeze many families continue to face even as the rate of U.S. inflation recedes and the economy by many measures remains strong, with the jobless rate at a two-decade low.
While I do give kudos to CBS News for publishing this, I sadly expect the outrage will subside within the next 24-hours, but I sincerely hope I’m wrong.
By the way, did you notice that the Jan. 2021 date cited was also the last month of President Trump’s time in office.
I’d also like to point out that $11,434 number equals a monthly increase of $950 a month.
You know who that hurts the most? The working poor, that’s who.
Of course, CBS News pretty much glossed over this.