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Americans need an extra $11,400 today just to afford the basics
(www.cbsnews.com)
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this post was submitted on 29 Nov 2023
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I mean that's 950 a month. My husband and I weren't rich, but we used to order in weekly, we didn't have to compare prices when grocery shopping, and we used to go on a trip (not out of the country but possibly out of the state) once or twice a year. We used to have streaming services (almost all of them). We used to buy our friends' birthday gifts and each other Christmas presents. We used to have two cars. We used to buy candles and name brand cleaners. Now we do none of that, plus our rent went way up. We are scraping by. We have no streaming services, one car, eat a lot of rice, and are not exchanging Christmas gifts. We don't go to events of any kind, and we don't consider vacations. I'm not surprised that it easily adds up to 950 a month, especially when you consider the two rent increases between Jan of 2021 and now (the latest was a 30% increase)