California Inspectors … Your Cost Of Living Increases About 12-13.5% A Year … Are Your Asking For Higher Fees?

The ugly reality is that the true annual cost of living is far outpacing the government’s reported inflation rate. By nearly 10x in many parts of the country. Basically, over the last five years, the average increase for all 50 major cities is 10% vs the average CPI of 1.5%. So it’s easy to see that for people who are in the middle income, lower income or people who are living off of a pension that’s adjusted based on the CPI, they’ve lost 8.5% of their purchasing power if everything was adjusted to the CPI year over year. Do that over five years, over 10 years — now you know why there’s such a separation between wages and wealth.

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