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20×102mm Vulcan
Got an Extra $11,500? You’ll Need It to Keep Up With 2022 Prices
Household expenditures could rise by $11,500
In all of 2020, American households spent $61,300, on average. This number includes everything we spend our money on: housing, food, entertainment, clothing, transportation and everything else. In 2022, it stands to reach $72,900, a difference of more than $11,500 if consumers want to maintain the same standard of living. Keep in mind, this is an average, a number that represents an approximation across all Americans, but one that’s exact to a very few. Those who earn (and therefore spend) more will see more dramatic dollar increases. Those who earn less may see less dramatic dollar jumps, but the impact of these rising prices could be more significantly felt.
Got an Extra $11,500? You’ll Need It to Keep Up With 2022 Prices - NerdWallet
Americans would need to spend thousands more in 2022 to maintain the same standard of living as years past.