
A Frustrated Middle Class Wants More Than Promises In 2024
Big Take
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The Cost of Living in the Middle Class
The American middle class spend $8,000 more each year than they did before the pandemic on household spending. A lot of that was on items you can't escape, like transportation and owning a car. Last year hit over $10,000 annually when you factor in car payments, insurance, maintenance and so on. The median house, if you want to go out and buy it today, before in 2021, would cost you about $1,200. That's now $2,400.
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