You will be amazed at how much money it takes to survive in the United States

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Inflation has skyrocketed during the Biden Administration, and the cost of everything is going through the roof.

Despite denials by the Democrat elites and the liberal press, average Americans know inflation is a huge problem.

But most Americans will be shocked when they find out just how much it takes to just scrape by today.

Households need $1,019 more per month to survive

The cost of living in the United States is much higher than it was just three years ago.

Today, the average U.S. household must fork over an extra $1,019 every month just to purchase the very same goods and services they did three years ago, according to economist Mark Zandi.

“The typical U.S. household needed to pay $213 more a month in January to purchase the same goods and services it did one year ago because of still-high inflation. Americans are paying on average $605 more each month compared with the same time two years ago and $1,109 more compared with three years ago before the inflation crisis began,” said Zandi.

A Wall Street Journal article explained that the last time Americans were spending such a high portion of their incomes on food, George H.W. Bush was in the White House.

Terminator 2: Judgment Day was in theaters and C+C Music Factory was rocking the billboard charts,” the article reads.

It continues to say that Americans were spending 11.4% of their disposable income on food in 1991, while the number was at 11.3% in 2022, per USDA data.

In 1991, “households were still dealing with steep food price increases following an inflationary period during the 1970s,” the article adds. 

Today, grocery prices are soaring even higher, and many people are taking to social media to express their frustrations.

One person recently posted to an Internet forum that his grocery bill is now $250 for the week, when it was once $100, “when we really stocked up or picked some extras.”

“A month ago it hit $180. Hell it may have only been two weeks since we hit $180. Today it was $250 and we didn’t even get everything,” he added.

As if things aren’t bad enough, several major companies are warning consumers that they’re planning to raise prices even further.

In January, Oreo maker Mondelez said it would continue to raise prices on some of its products this year, mainly due to cocoa prices, which surged past a 46-year record in February.

Hershey also said it is preparing for more costly cocoa to cut into company profits. 

According to Kraft Heinz, the cost of ingredients like tomatoes and sugar are keeping its product prices higher. 

It’s not just groceries

Food isn’t the only thing that has risen in price, as car insurance rates are going up even faster.

The average cost of full coverage auto insurance increased by 26% to $2,543 in 2024, which is up $529 from just one year earlier, according to Medora Lee.

These higher costs affect everyone, but they’re particularly tough for younger generations, who are just now branching out into the world.

One video showing a young woman complaining about the high cost of living has received over 18 million views and counting.

“Why is it that I have to work 40 hours a week just so I can have a place to live?” she asks in a video posted to X.

She goes on to explain that 40 hours a week only gives her “an extra $300 a month that doesn’t cover my phone or my internet or food.”

Informed American will keep you up-to-date on any developments to this ongoing story.