Recent estimates, both from members of the U.S. Congressional Joint Economic Committee and from NerdWallet, indicated that the average American household may have to spend $11,500 just to maintain the same standard of living as in previous years.
The price of eggs last month was up 39.8% over August 2021; gasoline was up 25.8%; health insurance, 24.3%; groceries, 13.5%; and plane tickets, 33.4%. Although the 10.8% drop in gas prices in August reportedly slowed U.S. inflation, these and most other prices have continued to climb.—More…
…And They Keep Spending
First they said inflation didn’t exist. And they kept spending.
Then they said it was transitory. And they kept spending.
Last night, President Biden said he’s going to “get control over inflation.”
And he keeps spending. pic.twitter.com/dFfFkdQbh1
— Senator Mike Braun (@SenatorBraun) September 19, 2022
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