Inflation has cost Georgia families $27,000 since 2021

(The Center Square) – Republican lawmakers in Georgia are concerned about increases in inflation, as a recent report shows households have paid $27,427 more because of inflation since January 2021.

The average household in the state is spending $1,074 more per month to buy the same goods and services as in 2021, according to a July report from the U.S. Congress Joint Economic Committee.

To have the same standard of living as in 2021, a family in Georgia is spending $175 more per month.

“At this rate, the only thing growing faster than my grocery bill is my disappointment. #kamalanomics,” said U.S. Rep. Mike Collins, in response to the report.

Georgia ranks 28th in the nation for increased monthly inflation costs.

- Advertisement -

U.S. Rep. Marjorie Taylor Greene pointed out how she believes many families are paying for those increases.

“Between the first quarter of 2021 and the second quarter of 2024, credit card debt surged 48.1% while household debt – which includes mortgages and auto loans – rose by 21.6%,” she said on social media. “This path is simply unsustainable. Democrats are plunging our country into debt and making it near impossible for Americans to make ends meet.”

On the other hand, Democrats from the state have been largely quiet on these economic issues.

Families in the state have experienced a 22% increase in cumulative inflation since January 2021, putting Georgia 1.5% higher than the national average.

Food, shelter, energy and transportation expenses are all up in Georgia.

Compared to 2021, the average household in Georgia is spending, per month, $125 more on food, $265 more on shelter, $125 more on energy, and $277 more on transportation.

- Advertisement -

In the past year, just like in other states, shelter saw the biggest increase at $57 more per month.

U.S. Rep. Rich McCormick said it is Democratic policies leading to these increases.

“While progressive Democrats gaslight Americans into believing that Bidenomics is working, Americans are still paying more for gas, groceries, and rent due to soaring inflation,” McCormick said on social media. “The numbers speak for themselves and progressive Democrats own this CRISIS.”

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Texas posts nearly $24 billion surplus, higher than originally projected

(The Center Square) – Ahead of the legislative session...

Helene: In late hour move, FEMA shifts deadline to Jan. 25

(The Center Square) – FEMA’s Transitional Sheltering Assistance hotel...

DeSantis won’t rob the House to fill the Senate

(The Center Square) – Gov. Ron DeSantis said this...

Wisconsin governor starts Office of Violence Prevention with $10M in federal funds

(The Center Square) – Wisconsin Gov. Tony Evers signed...

Bill would toughen penalties for unlawful firearm possession

(The Center Square) – A Washington state Republican lawmaker...

Ohio files $17M lawsuit against former mine company over sinkholes

(The Center Square) – Ohio Attorney General Dave Yost...

Hochul pitches $1B tax cut as part of reelection agenda

(The Center Square) — Gov. Kathy Hochul is pledging...

Louisiana parishes seek revenue from carbon storage projects

(The Center Square) − Louisiana lawmakers are grappling with...

More like this
Related

Texas posts nearly $24 billion surplus, higher than originally projected

(The Center Square) – Ahead of the legislative session...

Helene: In late hour move, FEMA shifts deadline to Jan. 25

(The Center Square) – FEMA’s Transitional Sheltering Assistance hotel...

DeSantis won’t rob the House to fill the Senate

(The Center Square) – Gov. Ron DeSantis said this...

Wisconsin governor starts Office of Violence Prevention with $10M in federal funds

(The Center Square) – Wisconsin Gov. Tony Evers signed...