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You Vote: How concerned are you about the cost of living outpacing your wages?

Prices for food and shelter are skyrocketing due to inflation, which remains historically high.

Published: September 28, 2022 2:40pm

Updated: September 28, 2022 3:17pm

Inflation has made the two most basic and essential costs of living — food and shelter — exceedingly high for working people.

The Bureau of Labor Statistics recently released data showing food costs spiked 11.4% over the past year and shelter costs, which include rents and various other housing-related expenses, jumped 6.2%. Mortgage rates have also skyrocketed over the same period.

Meanwhile, the Labor Department said real average weekly earnings decreased 3.4% over the last 12 months, and various estimates show households on average will lose the equivalent of thousands of dollars this year due to inflation rising faster than wages.

In this environment, how worried are you about the cost of living? Here's your chance to weigh in:

How concerned are you about the cost of living outpacing your wages?

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