Is it just me, or does it seem that the average American family is being overwhelmed at every corner.
A couple of days ago my stepdaughter posted on facebook she spent $345 at walmart.
That is equal to someone making $10 an hour for 40 hours minus taxes. One trip to walmart wipes out a whole weeks worth of wages.
Then there is this report from fox news that says parents are being overwhelmed by child care cost – American Parents Overwhelmed by Growing Childcare Costs | Fox Business
How are people supposed to get ahead and stay ahead when the basic cost of living keeps going up?
In 2003 I was making about the same amount of money I was making a decade earlier. But on the flip side of the coin, prices had gone up every year during that last decade.
While I was working at a welding shop in southeast Texas, at my 1 year review I was given a 25 cent raise. The cost of inflation over the past year was more then that 25 cent raise. The price of gas had gone up more over the previous year to the point where that 25 cent raise did not even cover changes to the price of fuel. I finally left that welding shop. If an employer will not even keep their wages up with the rate of inflation, then the employees are losing money.
The droughts over the past few years have driven the price of anything with corn in it up.
My wife and I buy canned refried beans at the local grocery store. We use the beans to make homemade burritos. Two years ago we paid 98 cents a can. Last week that same can cost $1.18. That is a 20% price increase over the past couple of years. I bet your wages have not gone up 20% in the past 2 – 3 years, because mine sure haven’t.
My step-daughter is looking at going back to work after the birth of her third child. Child care for her three children is going to cost right around $240 a week. Even if someone is making $10 an hour, at $240 a week more then half their pay check would be going to childcare.
How are families supposed to get ahead and stay ahead when wages have stagnated, and everything keeps going up in price?