"I feel like I'm on a hamster wheel" — US cost of living has skyrocketed since 2020
"I feel like I'm on a hamster wheel" — US cost of living has skyrocketed since 2020
Discover how the US cost-of-living crisis is impacting everyday Americans, from surging grocery bills to rising debt
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Sadly it is pretty much everywhere in the world where living costs are skyrocketing, along with rents. Almost 50% of my salary now goes to rent and utility bills, and recently the food also got pretty expensive, it feels almost like 50-60% up, so I am spending a very big chunk of my salary to have a roof over my head and also to survive.
my rent went from just under 30% of my gross, to two-thirds of it--and that's with a modest raise mixed in there. it was stable for twenty years (3 building owners during that time) before this new landlord. utility bill is about the same--with reduced consumption on my part helping that, but i can't really go 'down' any more. cable (internet) is up. phone is up. groceries are at least double--and for less of it, as i hit the food pantry more frequently. it cost more than double for each trip to the laundry. the once or twice (at most) a week i get a little fast food or kwik trip is about the same--but that's only because i just get less (i stick to my modest budget for that regardless of how much it buys).
I feel you, it really sucks how much more squeezed we are after Corona. This pandemic screwed us over big time.
Everything went up for everyone. Insurance, property taxes, contractor labor, materials, utilities, etc.
my landlord's labor? hasn't done shit in three years except slap on some paneling, lay down cheap carpet, and triple the rent on a couple 'newly remodeled' units. property taxes are down due to lower valuation on the property. utility bills (common areas, which are unheated) are stable, probably lower because of a perpetual vacancy and a couple tenants now being part-timers (less hot water use, lower gas bill for the building's hot water heater).