Some of the media are preoccupied with a baffling question; Why are Americans not celebrating the economic accomplishments of the Biden administration? A poll from the Suffolk University Sawyer Business School and USA TODAY released this September reported that 70 percent of Americans believe the economy is worsening; 84 percent said their cost of living was rising.
The cost of living varies notably in different regions of the country.The Economic Policy Institute has a trenchant cost of living measure. It is a Family Budget Calculator and calculates a monthly minimum standard of living measured by housing, food, childcare, transportation, other necessities, and taxes. For example, in the Boston, Massachusetts area, a working family of two parents and two children would require $131,028 to meet an “adequate “standard of living.