Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

What 7.5% Inflation Means

February 11, 2022 By Debbie Young

By PERO studio @ Shutterstock.com

Greatest Annual Increase since February 1982

As Moody’s analysis explains, inflation at a 40-year high of 7.5% sounds bad. And it is.

The average U.S. household will spend an extra $276 per month.

It was worse than economists predicted, according to numbers released yesterday by the Bureau of Labor Statistics.

Who’s Feeling the Burden?

Wells Fargo economists examined the situation closer, according to Gwynn Guilford writing in the Wall Street Journal:

Price of Gasoline up 50%

“Middle-class households were squeezed harder than other groups. Middle-class households spend a bigger share of their budgets than others on gasoline—its price was up nearly 50% in December—and used vehicles. … “

“Higher-earning households spent relatively more on dining out and recreation, which rose much less than overall inflation.”

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • A Recipe for Inflation Shock
  • Inflation Is “So Last Week”
  • Here's the REAL Solution to Joe Biden's Inflation
  • “Worried” – Inflation Will Get Worse
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • Our Daily Bread Threatened? - May 23, 2022
  • Joe Biden – Malicious, Incompetent, a Wannabe Left Wing Ideologue? - May 20, 2022
  • What Would We Do without the Experts? - May 19, 2022

Dick Young’s Must Reads

  • A Cashless Society Is A Debacle for Americans
  • BEYOND RUSSIA: America Strengthens India Ties to Counter China
  • What’s the Best Survival Currency?
  • My Smith & Wesson Revolvers Home Defense Team
  • Victor Davis Hanson: How to Bust DC’s Stronghold
  • Democracy & Diversity: Not In the Constitution
  • You May Be Surprised by America’s “Least Woke City”
  • Americans Fleeing High Tax States for Growth Corridors
  • What a Way to Make a Living: New Hampshire #1
  • Why Black Lives Matter Needs to Be Shut Down

Our Most Popular Posts

  • Tucker Carlson Interviews My Favorite Florida Farmer
  • Jean-Pierre: Economy "Not Something that We Keep an Eye on Every Day"
  • What’s Ahead for America During Biden’s Last Years
  • MARKET CHAOS: This May Take Time, Here’s How to Prepare
  • “We Cannot Save Ukraine by Dooming the US Economy.”
  • Consequences of Biden Killing the Keystone Pipeline
  • BE VIGILANT: The Rats Are Scurrying in These Rough Markets
  • Baby Formula Gone Missing?
  • Are You Suffering from One of These Nutrient Deficiencies?
  • PARTY'S OVER JOE: Republicans Crush Democrats in Local Elections

Disclosure

RSS Youngresearch.com

  • Watch Out for Your Worst Enemy
  • Big Banks Adopting Blockchain for Short-Term Trading
  • Job Market Survival Advice for Graduates and for Those YOU Love
  • BULLWHIPPED? Inventory Overhang Could Slow Growth in Certain Sectors
  • BUY THE DIPS? Can You Catch a Ginsu Knife?
  • MARKET TURNING: Canada’s Housing Market Turmoil
  • “I’ve Been with Richard Young for Over 30 Years Now”
  • All-Powerful Money Managers Voting YOUR Money Targeted by Senate GOP
  • HORDING CASH: Funds Hold the Highest Level of Cash Since 9/11
  • COMMODITY CRUNCH: Will Tesla Buy a Cobalt Mine?

The Supreme Court Must Always Protect the Constitution

Our Daily Bread Threatened?

Watch Out for Your Worst Enemy

Farmer Tells Steve Bannon Biden’s Inflation Is Ruining His Business

PARTY’S OVER JOE: Republicans Crush Democrats in Local Elections

Joe Biden – Malicious, Incompetent, a Wannabe Left Wing Ideologue?

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives