Around the Web – Original Source: notthebee.com
It’s hard to believe this figure is accurate. But it is: Inflation in big cities is crushing residents right now, but it’s even worse in rural America, a new study found.
“Rural households are more vulnerable to inflation,” a report from Iowa State University shows. “In 2020, rural household post-tax incomes stood at $58,012. About 82% of rural incomes went towards expenses, leaving $10,661 in discretionary income for savings and unanticipated expenses.”
However, by 2022 expenses rose by 18.5% overall. Earnings were not able to keep pace with inflation, rising by only 6.1%. The net effect cut rural discretionary incomes by […]
Around the Web – Original Source: notthebee.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
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