How Unaffordable Has the US Become? ๐ ๐ก
Hereโs a breakdown of the rising costs:
- ๐ Transportation Services:
Prices have skyrocketed by 18.5% since June 2022.
- ๐ Shelter and Services:
Shelter costs have increased by 13.5%, with services inflation rising 11.0% over the same period.
- ๐ง Utilities (Water, Sewer, Trash Collection, Electricity):
These essential services have seen prices spike by approximately 10%.
- ๐ฝ๏ธ Food and Beverages:
Even the cost of groceries has climbed, with an 8% increase since June 2022.
While the US CPI inflation has risen by ~6.0%* in the last two years, these critical areas have outpaced general inflation, making affordability a growing concern for many Americans.
