Americans Need $11K More To Maintain Standard Of Living

  • The standard American household now needs to allocate an additional $11,434 annually to maintain the same living standard as of January 2021, just before inflation surged to its highest levels in 40 years, as indicated by a recent analysis of government data.
  • These findings highlight the ongoing financial challenges faced by many families, despite a decline in the rate of U.S. inflation and a robust economy by various indicators, such as a jobless rate at a two-decade low.
  • Nevertheless, a significant number of Americans report not experiencing the benefits of these positive economic indicators. Recent polling by CBS News reveals that more individuals are grappling with financial difficulties this fall compared to pre-pandemic times.