(by Alex Nitzberg | The Blaze) – As Americans suffer the severe economic consequences of soaring inflation, the average U.S. household will have to shell out about $3,500 more in 2021 in order to match their consumption levels from prior years, according to an analysis by the Penn Wharton Budget Model. “We estimate that inflation in 2021 will require the average U.S. household to spend around $3,500 more in 2021 to achieve the same level of consumption of goods and services as in recent previous years (2019 or 2020),” the analysis notes. Such a massive financial burden demonstrates the dramatic […]
Analysis Finds That Inflation Will Require the Average US Household to Spend About $3,500 More in 2021
