Americans Getting Poorer As Prices Go Up 5.4% Year Over Year And Wages Can’t Keep Up

Americans will soon be shelling out a lot more money — if they haven’t done so already — to buy basic necessities as inflation escalates, the costs of goods surge and wage growth can’t keep up.Some households may see their heating bills more than double when compared to the previous winter as prices for oil and other fuels surge, The Associated Press reported Wednesday. Many people might soon be paying on average $746 to heat their homes this winter, a near 30% increase when compared to more than a year ago. Americans who live out in the Midwest could see their heating bills jump 49%, putting 2021 as the most expensive year for natural-gas heated homes since 2008–2009, the AP reported.Homeowners trying to stay warm won’t …

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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