Running Afoul Of Inflation?
Remember the good old days when you considered yourself living high on the hog if you cleared $100,000 a year? Not anymore. Owing to the galloping inflation that The Resident Joe Biden has ushered into existence, you now need an annual income of $100,000 or more just to keep your lower middle-lass family afloat in some of the more expensive states.
Here’s a look at the current economic picture, and which states you might consider for a move if you have less annual income — especially if you have a large family to support or you are a retiree and no longer working. The most affordable states are generally in the South and Midwest, including Mississippi, Arkansas and Kentucky.
You’ll want to avoid the coastal states, particularly California, where living costs are much more exorbitant. Here’s more from The Money GPS.
