{"id":1571112,"date":"2022-07-26T08:21:20","date_gmt":"2022-07-26T12:21:20","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1571112"},"modified":"2022-07-26T08:22:01","modified_gmt":"2022-07-26T12:22:01","slug":"inflation-hammering-rural-america-91-of-income-used-just-to-live-study-finds","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-hammering-rural-america-91-of-income-used-just-to-live-study-finds\/","title":{"rendered":"Inflation Hammering Rural America, 91% Of Income Used Just To Live, Study Finds"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finflation-hammering-rural-america-91-of-income-used-just-to-live-study-finds%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1571112&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Inflation in big cities is crushing residents right now, but it\u2019s even worse in rural America, a new study found.<\/p>\n<p>\u201cRural households are more vulnerable to inflation,\u201d a <a href=\"https:\/\/smalltowns.soc.iastate.edu\/wp-content\/uploads\/sites\/163\/2022\/07\/STR1063.pdf\" target=\"_blank\" rel=\"noopener\">report<\/a> from Iowa State University shows. \u201cIn 2020, rural household post-tax incomes stood at $58,012. About 82% of rural incomes went towards expenses, leaving $10,661 in discretionary income for savings and unanticipated expenses.\u201d<\/p>\n<p>\u201cHowever, by 2022 expenses rose by 18.5% overall. Earnings were not able to keep pace with inflation, rising by only 6.1%. The net effect cut rural discretionary incomes by -49.1% between June 2020 and June 2022, reducing the cushion to only $5,426. Expenses now consume 91% of rural take-home pay,\u201d the report said.<\/p>\n<p>Rural Americans saw more of a hike in prices than people living in cities did.<\/p>\n<p>\u201cUrban households were less affected by inflation, having higher post-tax incomes ($76,411) and more discretionary incomes ($16,414) in 2020,\u201d the report said. \u201cOver the past two years, expenses rose more slowly at 14.5%, while earnings for urban workers rose by 8.6% This cut discretionary income by only -13.1%, leaving a sizable cushion of $14,270.\u201d<\/p>\n<p>To make matters worse, income in rural areas have fallen far more than those in urban areas.<\/p>\n<p>\u201cRural discretionary incomes dropped by -8.7% in 2021, but by 2022 rampant inflation cut this income cushion by -40.4%,\u201d the report continued. \u201cBy contrast, urban families actually saw discretionary incomes rise by 1% in 2021, but they fell by -13.9% the following year.\u201d<\/p>\n<p>The report also looked at how different regions of America have fared under soaring inflation.<\/p>\n<p>\u201cThe northeastern U.S. has slower price gains of only 7.6%,\u201d the report said. \u201cOn the other side of the country, Pacific Coast states also have below average inflation at 8.3%. This is surprising given both areas contain some of the nation\u2019s largest cities. For example, prices in the New York City metro area only rose by 6.7%. In California, the cost of living in the San Francisco metro rose by only 6.8%, and in Los Angles prices rose a bit faster at 8.6%.\u201d<\/p>\n<p>\u201cOn the other hand, inflation is hitting people hard in parts of the southern U.S., in particular the west south central states (including Texas and Louisiana) where prices jumped by 10.6%,\u201d the report said. \u201cInflation is also a problem in the Mountain West (ranging from Arizona to Montana) and Southeastern states along the Atlantic (from Virginia down to Florida). Inflation in Atlanta, Miami, and Houston are all near or over 11%. Price gains in the Chicago metro are likely driving inflation in the Great Lakes states.\u201d<\/p>\n<p><em>Joseph Curl has covered politics for 35 years, including 12 years as White House correspondent for a national newspaper. He was also the a.m. editor of the Drudge Report for four years. Send tips to josephcurl@dailywire.com and follow him on Twitter @josephcurl.<\/p>\n<p><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflation in big cities is crushing residents right now, but it\u2019s even worse in rural America, a new study found. \u201cRural households are more vulnerable to inflation,\u201d a report from Iowa State University shows. \u201cIn 2020, rural household post-tax incomes stood at $58,012. About 82% of rural incomes went towards expenses, leaving $10,661 in discretionary &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1575668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1571112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1571112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1571112"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1571112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1575668"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1571112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1571112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1571112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}