Analysis finds Americans need extra $11,400 to afford the basics as GOP lawmakers blame 'Bidenomics'

GOP lawmakers and more blamed "Bidenomics" while reacting to an analysis that found the typical American household would need an "extra $11,434" to afford the basics.

The analysis found that it might be worse on a state-by-state basis. For example, in Colorado, the average American household must spend an extra $15,000 per year to afford the same standard of living they had in 2021. Hanna Panreck is an associate editor at Fox News.

CBS reported that the numbers reflect the increased cost of basic goods, despite other positive economic measures, such as the jobless rate being at a two-decade low.