Those are loan shark numbers…
The deal added 2 Trillion to the national debt, ensuring more inflation from the debt spiral.
But, maybe another round of stimulus checks are in order, to help with those struggling from higher cost of living?
lol
Joe Biden essentially gave Americans a 9% pay cut this year.
We’re so f*cked.
BREAKING: Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gas, housing and other items wiping out the pay raises that many people have received. The consumer price index jumped 8.5% in the past year. t.co/Lojxz9GHIh
— The Associated Press (@AP) April 12, 2022
Where Americans are seeing big inflation spikes:
Fuel oil 70%
Gas 48%
Used cars 35%
Hotels 29%
Airfare 24%
Utility gas 22%
Bacon 18%
Oranges 18%
Furniture 16%
Beef 16%
New cars 13%
Chicken 13%
Milk 13%
Appliances 12%
Fish 11%
Eggs 11%
Coffee 11%
Food at home 10%
Rent (OER) 4.5%— Heather Long (@byHeatherLong) April 12, 2022
Fatherly, “You’ll Need $5200 More This Year to Live the Exact Same Life”:
The current inflation rate, where prices are rising at the fastest pace that they have in 40 plus years, is walloping the wallets of parents. Working families are now struggling with rising gas prices, higher grocery bills, and a housing market that seems out of control — just look at rent costs that have skyrocketed as much as 40 percent in some cities. And new data from Bloomberg economists have found out just how much inflation will impact a family budget in a dollar amount this year.
As of February 2022, the consumer price index rose by 7.9 percent over last year. That massive growth in the cost of everyday items from eggs to vegetables has the potential to completely screw with our budgets — and it’s will continue to impact our budgets over the next few months, to the tune of many hundred dollars a month.
“Inflation will mean the average U.S. household has to spend an extra $5,200 this year ($433 per month) compared to last year for the same consumption basket,” Bloomberg Economics reports.
h/t VEN0M