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Thread: The Price Of Ground Beef Has DOUBLED Since The Last Financial Crisis

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    GuncoHolic Black Blade's Avatar
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    Default The Price Of Ground Beef Has DOUBLED Since The Last Financial Crisis

    The Price Of Ground Beef Has DOUBLED Since The Last Financial Crisis



    theeconomiccollapseblog.com / By Michael Snyder on March 25th, 2015

    Since the depths of the last recession, the price of ground beef in the United States has doubled. Has your paycheck doubled since then? Even though the Federal Reserve insists that we are in a “low inflation” environment, the government’s own numbers show that the price of ground beef has been on an unprecedented run over the past six years. In early 2009, the average price of a pound of ground beef was hovering near 2 dollars. In February, it hit a brand new all-time record high of $4.238 per pound. Even just 12 months ago, the price of ground beef was sitting at $3.555 per pound. So we are talking about a huge increase. And this hits American families where they really live. Each year, the average American consumes approximately 270 pounds of meat. The only nation in the world that eats more meat than we do is Luxembourg. If the paychecks of American workers were going up fast enough to deal with this increase, it wouldn’t be that big of a deal. But of course that is not happening. In an article just last week, I showed that real median household income is a couple thousand dollars lower now than it was during the depths of the last recession. The middle class is being squeezed, and we are rapidly getting to the point where burgers are going to be considered a “luxury” item.

    The following chart was posted by the Economic Policy Journal on Wednesday, and it incorporates the latest data from the Bureau of Labor Statistics. When I first saw it, I was rather stunned. I knew that the price of ground beef had become rather outrageous in my local grocery stores, but I had no idea just how much damage had been done over the past six years…

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    When you're born you get a ticket to the freak show. When you're born in America , you get a front row seat. - George Carlin


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    NoWorkCamp4Me railbuggy's Avatar
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    Amen. My SSDI checks I've been getting since 01/2010 have less buying power every year. Thanks Obama and Moshell.
    SOON-We already lost the war. You are the resistance.

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