When Will Inflation End? Texan Families Are Struggling To Make Ends Meet

Matt Lillywhite

As the cost of living in Texas increases, many local families are finding it difficult to make ends meet. For example, in The Dallas Fort-Worth region, rents are skyrocketing due to the overwhelming demand for housing, per NBC News. "This is really pushing a lot of people over the edge, said Mark Melton, founder of the Dallas Eviction Advocacy Center. "We've got a significant number of people in Dallas that spend between 50% and 70% of their net income on rent alone."

Down in Austin, things aren't much better. Inflation is driving up the price of many items at the grocery store. And on top of that, a heated housing market is forcing homebuyers to overpay for real estate, per Axios. "The pandemic inflated metro Austin housing prices by nearly 68% above the historical trend line, making the local market the most overpriced it's been in at least three decades."

A report by Experian, a consumer credit reporting company, found that 71% of Americans believe their paycheck cannot keep up with inflation. A separate survey by LendingClub found that 48 percent of Americans with annual incomes over $100,000 now live paycheck to paycheck.

Benjamin Gibson lives in San Antonio, Texas, and makes more than $100,000 a year, per CNBC. However, due to the rising cost of living, he's struggling to afford basic necessities such as food and gas. "When you are used to spending a couple of dollars on fruits and vegetables, and then you're paying a lot more, it stresses you out," he said during an interview with CNBC. "I actually went to the dollar store for asparagus."

What do you think about the rising cost of living in Texas? Leave a comment with your thoughts. And if you think more people should read this article, share it on social media.

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