US Cost of Living Hits Record, Passing Pre-Crisis High
March 19, 2011
According to CNBC’s Fast Money, the cost of living as an American hit an all time high in February:
A special index created by the Labor Department to measure the actual cost of living for Americans hit a record high in February, according to data released Thursday, surpassing the old high in July 2008. The Chained Consumer Price Index, released along with the more widely-watched CPI, increased 0.5 percent to 127.4, from 126.8 in January. In July 2008, just as the housing crisis was tightening its grip, the Chained Consumer Price Index hit its previous record of 126.9.
Well, it seems that the American dream might be getting a little harder than normal…..stay tuned…
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