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In reply to the discussion: “Consumers Aren’t Spending Even In a Booming Job Market” [View all]dixiegrrrrl
(60,010 posts)62. Here is one example:
I think most people here are aware of much higher grocery bills.
Time Frame: I set my budget in 2005 when we bought this house, so I could figure out how much mortgage I wanted.
price of ground beef in 2005: $2.14
in 2014: $4.16
chart here:http://www.statista.com/statistics/236776/retail-price-of-ground-beef-in-the-united-states/
and this, from The Dairy Reporter:
Since mid-2013, US butter prices have skyrocketed, doubling from a low of $1.42 per pound (lb) to a September 2014 high of $2.85 per lb.
(Where I live, butter is often over 3.00 #)
If you prefer plainer language, here is a Slate article. It was written in 2011 and mentions the rise of food prices since just the previous year:
Wheat prices have doubled since last summer. The price of corn has risen about 75 percent since June.
http://www.slate.com/articles/business/moneybox/2011/02/the_invisible_food_crisis.html
We have had annual increases in electric bill, and in home gas heating bill, and in sewer/water bill.
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I guarantee you that the ACA has negatively impacted my wife's income
taught_me_patience
Mar 2015
#55
One factor: the rising cost of healthcare is sucking every dime out of the economy
GreatGazoo
Mar 2015
#3
You're on Medicare and your union tells you what supplemental or Advantage plan you can have?
SheilaT
Mar 2015
#46
Then look into the Advantage and supplemental plans for your part of the world if you are over 65.
SheilaT
Mar 2015
#48
I believe it's because of the ACA, which requires various routine office visits be free.
SheilaT
Mar 2015
#64
Complaining about consumer spending...in a BOOMING job market? Thanks, Obama.
Fred Sanders
Mar 2015
#4
My own personal saga may help shed light on this paradox. After a prolonged bout
KingCharlemagne
Mar 2015
#5
I'm making ends meet with only one job (at the 30% pay cut), but only barely. If I want to have fun,
KingCharlemagne
Mar 2015
#20
I read somewhere quite awhile ago that 95% of the gains from this so-called
KingCharlemagne
Mar 2015
#18
The more often I live without tv, the more irritating it feels when I see one blaring away.
dixiegrrrrl
Mar 2015
#66