The typical American household has to spend an extra $11,434 a year to maintain the same quality of life they had in 2021, new data has revealed. According to from Republican members of the US Joint Economic Committee, residents are being forced to fork out an extra $14,995 a year in order to afford the same quality of life as two years ago - the highest of any state. The figures compare the prices of everyday essentials including food, housing, energy and transportation in October this year and January 2021 - before began to soar.
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