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Eighty-seven percent listedinflationas a top concern.
So what couldnt middle-income Americans afford, that they once could,in the wake of the Biden administration?
Starter Homes
The American dream of homeownership has never felt so out of reach.
Housing affordability has emerged as a prominent crisis for the middle class, noted real estate investorMichael Elefante.
Homeowners Insurance
Housing costs also got hit from another direction: Skyrocketing homeowners insurance premiums.
Not many people saw their paychecks rise by 69%, in contrast.
The surge in homeowners insurance rates has led many homeowners to forego insurance entirely a dangerous proposition.
Thats a lot harder today.
Except many middle-class Americans cant afford beef anymore.
Massages, manicures, pedicures, hair treatments all have shot up in cost.
Many middle-class Americans have given up on these small luxuries and started doing their own treatments at home.
You used to be able to stop and grab an espresso drink for $5, recalled Musson.
The Bottom Line
Inflation doesnt strike every product or service equally.
Some have exploded in cost while others have only plodded upward.
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