The average U.S. household needs an additional $11,434 per year to maintain the same standard of living due to record-high inflation under the Biden administration.
While hourly pay has increased, inflation has outpaced it.
Spending on basic survival needs like food, transportation, housing, and energy has increased, with households in the Mountain West facing the highest rates of inflation. (Trending: Biden Shamefully Removes God From National Address)
“We choose January 2021 as the base month because it was the last time inflation was within recent historical norms,” the report reads.
“Due to a combination of higher inflation rates and higher average household spending, inflation is imposing the highest monthly costs on families in the states of Colorado, Utah, and Arizona,” the report adds.
Families in Colorado and Washington, DC, are experiencing inflation costs higher than the national average.
“AMERICANS PAYING THE PRICE FOR BIDENFLATION”
Donald Trump Truth Social 03:02 PM EST 11/28/23 pic.twitter.com/5td6VC7jvx
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) November 29, 2023