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Around the Web – Original Source: notthebee.com
It’s hard to believe this figure is accurate. But it is: Inflation in big cities is crushing residents right now, but it’s even worse in rural America, a new study found.
“Rural households are more vulnerable to inflation,” a report from Iowa State University shows. “In 2020, rural household post-tax incomes stood at $58,012. About 82% of rural incomes went towards expenses, leaving $10,661 in discretionary income for savings and unanticipated expenses.”
However, by 2022 expenses rose by 18.5% overall. Earnings were not able to keep pace with inflation, rising by only 6.1%. The net effect cut rural discretionary incomes by […]
Around the Web – Original Source: notthebee.com
