Dream Dashed: Inflation Crushes American Middle Class

Episode Transcript

Speaker 1 (00:00):
The average cost for a family afford to live in
a median priced home with a median priced vehicle is
now more than one hundred fifty thousand dollars a year,
up nearly forty percent in the last decade, according to
a USA Today report. Heritage Foundation economist e j Antoni
says we're on an unsustainable path.

Speaker 2 (00:16):
This is actually the first time for an entire generation
of Americans on average think they will have a lower
standard of living than the generation that came before them.
We haven't seen that since the Great Depression.

Speaker 1 (00:27):
The Census Bureau estimates only about one in eight households
earns enough to afford the typical American dream. Corey Jolson
News Radio seven forty KTRH