So, we've been talking about how "food" prices have been sky rocking . . .
And our "pocketbook" knows it!!!
Now . . . as we've discovered this week . . . food "prices" have risen steadily since 2020 . . . thanks to a combination of "negative" factors . . .
And unfortunately . . . these economic "challenges" . . . won't be "resolved" in 2024 under the current government policies.
So, let's break it down . . . because sometimes . . . a "visual aide" is necessary to better understand just where we are in life and this devastating "economic" crunch.
Average Mortgage rate in 2020 . . . 3.10%
Average Mortgage rate in 2024 . . . 6.8%
Average Car loan rate in 2020 . . . 4.8%
Average Car loan rate in 2024 . . . 12.65%
Average Price for a gallon of gas in 2020 . . . $2.17
Average Price for a gallon of gas in 2024 . . . $5.00 - reported projection for this summer
Average Homeowner insurance per month in 2020 . . . $109.
Average Homeowner insurance per month in 2024 . . . $209.
And what about our food???
Average cost of milk in 2020 . . . $3.04
Average cost of milk in 2024 . . . $3.89
Orange juice in 2020 . . . $2.99
2024 . . . . . . . . . . . . . . . . . . . $4.49
Coffee - 2020 . . . $6.99
2024 . . . . . . . . . . . . $8.99
White bread - 2020 . . . $1.28
2024 . . . . . . . . . . . . . . . . . .$2.54
Dozen eggs - 2020 . . . $1.49
2024 . . . . . . . .. . . . . . . . . . $2.99
Chicken breast - 2020 . . .$4.99
2024 . . . . . . . . . . . . . . . . . . . $7.99
Ground beef - 2020 . . . $4.99
2024 . . . . . . . . . . . . . . . . . . $6.99
Bananas - 2020 . . . $0.99
2024 . . . . . . . . . . . . . . $1.49
A 2 liter of soda in 2020 . . . $1.61
2024 . . . . . . . . . . . . . . . . . . . . . $2.27
And for gosh sakes . . . even "RAMEN NOODLES" went up like .40 cent per package.
So, even though most food only went up a few "cent" over the past 4 years . . . it all adds up at the end of the day people.
The average family of "4" in 2020 . . . was only paying about $609.70 for groceries each month.
Whereas . . . in today's world . . . a family of "4" in 2024 . . . is "now" paying about $996.60 . . . which is your approximate 30% increase.
And then add to that . . . the additional "cost" for housing, cars, gas, utilities, daycare, etc. . . .
How can we survive people???
So, next week . . . let's talk about "eating out" . . . because as I showed you in my picture for this post . . .
We are being . . . SOOOOOOOO "MANIPULATED" PEOPLE!!!!
As always, feel free to DM or contact me at: miraclemeadows.net/contact/
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