America's Cost of Living Crisis

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federal spending

Telegraph

•

Biden presidency leaves households spending $2,500 more on groceries a year

Summary

Nutrition label

73% Informative

A family of four now has to spend roughly $2,500 a year more on groceries than when Joe Biden took office.

House prices have gone up by nearly a quarter and wages are down 2.1 per cent .

Real-terms weekly wages are now down 2,1% and inflation-adjusted median earnings rose by 7.7% .

US household debt hit a record $17.8 trillion in the second quarter of this year of which $12.5 trillion , or just over 70 per cent of the total, consisted of mortgages.

At $ 412,000 on average, a typical American home is now about $100,000 more expensive today than at the start of the Trump presidency ($ 313,000 ).

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech