Cost of Living Continues to Rise RAPIDLY As Americans Struggle to Get By
Mac SlavoSeptember 15th, 2020SHTFplan.com The Bureau of Labor Statistics just released new data that says the cost of living is going up as the main street economy crashes and the dollar loses its purchasing power. This also comes as more and more Americans continue to struggle to get by in the aftermath of the government’s reaction to the scamdemic. The new numbers released are comparing the consumer price index, which is essentially the price of common things we pay for all averaged together, of 2019 to that of 2020. The number has gone up. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in August on a seasonally adjusted basis after rising 0.6 percent in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.3 percent before seasonal adjustment. –BLS.gov Since the Federal Reserve, the central banks, is continuing to bail out corporations and create money out of thin air, inflation and costs for basic necessities will continue to rise. Some areas of the economy are being hit harder than others too. The cost of food has jumped in the Bay Area of California, propelled by meat, poultry, and fish prices that have skyrocketed, joining soaring electricity costs, according to a report by Mercury News. Meat, fish, and poultry prices have soared a whopping 17.4 percent over the past 12 months ending in August in the Bay Area. This means that these prices are at a super-heated pace that’s 11 times greater than the region’s cost of living during the same one-year period. Because the cost of living is going up as the economy is struggling for everyday folks, it’s important to make a plan. Preparedness should include financial emergencies. Even though the dollar is crashing, having a little extra money on hand to be able to pay 3-6 months’ worth of bills will help you get through tough times. All it would take to eliminate the middle class is one more lockdown. Financially Prepped: The Importance of an Emergency Fund President Trump is Breaking Down the Neck of the Federal Reserve! He wants zero rates and QE4! You must prepare for the financial reset We are running out of time Download the Ultimate Reset Guide Now! Author: Mac SlavoViews:Date: September 15th, 2020Website: www.SHTFplan.com Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats. SHTFPLAN is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.