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Shocking Rise in Average U.S. Household Spending Is Stressing Out the Masses

by Michael Snyder
March 13, 2024
in Curated, Opinions
Financial Stress
At last, a conservative news aggregator that does not bow to the woke right.

(The Economic Collapse Blog)—I used to really enjoy going to the grocery store.  I would relentlessly hunt for deals, and I would show off what I was able to find when I got home.  But now all of the bargains are gone.  Instead, there are ridiculous prices and there are even more ridiculous prices.

The prices for some of the things that I normally buy have doubled.  In other cases, the prices have almost doubled.  Of course the soaring cost of living is the direct result of decisions that our leaders have made.  They just kept borrowing, spending and flooding the system with money, and now the cost of living is wildly out of control.

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According to CBS News, on average U.S. households must now spend an extra $11,434 per year just to maintain the same standard of living that they were enjoying when Joe Biden first entered the White House…

The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data.

This is insane. But the government continues to insist that inflation is low.  On Tuesday, the Bureau of Lying Statistics told us that prices have only risen 3.2 percent over the past 12 months…

Data released by the Bureau of Labor Statistics on Tuesday showed prices rose 3.2 percent over last year, slightly outpacing forecasts of 3.1 percent. Prices also rose 0.4 percent in February over the previous month — in line with expectations, but still hotter than economists would like to see.

If you believe that, there is a bridge in California that I would like to sell you.

Virtually everything that Americans spend money on regularly has skyrocketed during the Biden administration.

Just look at the price of gasoline.  It is now 60 percent higher than it was during the last presidential election in November 2020…

The average gasoline price at the pump in the US is now 60% higher than at the start of November 2020 — a potentially significant factor for American voters when comparing how well-off they feel now versus when President Joe Biden was first elected. And while pump prices are rising relatively slowly for this time of year, US fuel stockpiles well below seasonal norms will keep refining margins elevated, according to the the US Energy Information Administration.

As a result, the agency on Tuesday raised its second-quarter retail gasoline price forecast by 20 cents a gallon.

Of course housing costs have been going up even faster.

Recently, I was stunned to learn that a 54 square foot “apartment” in New York City that doesn’t even have a bathroom is renting for $1,200 a month…

A tiny studio apartment in New York City that consists of just one room and has no bathroom, kitchen or running water has been furiously slated online – after it was revealed the asking price for the cell-like property is a staggering $1,200 a month.

A now-viral video of the ‘tiny’ rental, which is just 54 square feet and is located in Midtown West, has sparked outrage after it was shared on TikTok by listing agent Alexander Bruni.

The nine-by-six apartment has just enough space for a bed and doesn’t have any running water, meaning that if residents needed to use the restroom they would have to exit their studio and go down the hallway to the communal bathroom.

Is this what they mean when they tell us that we will own nothing and be happy?

Of course most Americans are not happy about the current state of affairs at all.

They are quite aware that the cost of living has been rising much faster than their paychecks have, and that is definitely not good news for Joe Biden.

As Kevin O’Leary has very astutely observed, inflation “is always the enemy of the incumbent”…

He said: ‘Inflation is always the enemy of the incumbent. It doesn’t matter who you are in the White House when there’s inflation. People go to the voting booth remembering what it cost them for their cornflakes and milk in the morning, and what it cost to fill up the car to drive there.

‘And they vote against that.’

But if you think that inflation is bad now, just wait until the coming war with China erupts.

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Once trade across the Pacific comes to a standstill, there will be a whole lot of money chasing a rapidly dwindling level of goods in our stores.

The employment market will be another major issue in November. The massive tsunami of layoffs that we have been witnessing just continues to roll along.  For example, on Monday we learned that John Deere will be laying off 150 workers at a facility in Iowa…

Around 150 John Deere workers in Ankeny will be losing their jobs over the next couple of months.

John Deere Des Moines Works confirmed to Iowa’s News Now that employees were told about the layoffs by factory leadership in meetings at the factory on Friday.

The company said about 150 production employees will be placed on “indefinite layoff effective over the months of April and May.”

Sticking with Iowa, Tyson just announced that it will be giving the axe to over a thousand workers at one of their plants in the state…

More than 1,000 workers at another Tyson Food plant are out of work after the company announced it is permanently closing one of its Iowa facilities.

The move comes after the Arkansas-based company closed two chicken plants and announced job cuts last year and said four other plants were expected to cease operations within the first half of fiscal 2024, with related charges − at the time, expected to cost the company $300 million to $400 million.

On Monday Tyson announced it would shutter the doors to its Perry, Iowa pork-packing plant.

But at least they are doing better than Rite Aid is.

We just learned that another 77 Rite Aid stores will be permanently shutting down…

Another 77 Rite Aid stores will close as part of the retailer’s voluntary bankruptcy.

The closures, announced in seven court filings so far this year, will affect stores across 21 states, including California, Pennsylvania, New York and Texas.

The total number of closures announced since filing for bankruptcy in October is now 431.

Overall, nearly 107 million Americans do not have a job right now.

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That number will inevitably go even higher during the months ahead.

Needless to say, the cost of living is going to continue to steadily increase as well.

Prices are already absurdly high, but they are only going to escalate from here, and that is really bad news for all of us.

Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

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Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures

The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?

That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.

From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.

The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.

This integration of faith and flavor addresses a real need in Christian households and ministries. Busy parents, church leaders, and remote workers alike report that starting the day with a Scripture-inspired roast helps center their thoughts on eternal truths amid temporal pressures. The coffee’s exceptional character — bright citrus notes in lighter roasts or deep chocolate undertones in bolder ones — comes from meticulous selection and careful roasting that respects the bean’s natural gifts rather than masking them. It’s the kind of coffee that elevates a simple quiet time, fuels productive workdays, or sparks meaningful conversations when shared at Bible studies or outreach events. And because it’s ethically sourced with integrity, every purchase supports sustainable livelihoods for farmers who treat their crops like family harvests.

For those leading churches or small groups, the impact multiplies. Promised Grounds offers bundles and options perfect for hospitality ministries, turning ordinary coffee service into an opportunity to point people toward the living water of Christ. Imagine greeting visitors with a warm cup whose very bag carries God’s Word — a subtle yet powerful witness that aligns with the Great Commission. The company’s Texas roots and commitment to “brewing hope” resonate especially with believers who value American enterprise paired with global compassion.

Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.

As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.

If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.

Tags: EconomyLedeSpendingThe Economic Collapse BlogTop Story
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