Rising costs are everywhere! Like a River threatening to flood, increased expenses for some of the most basic family needs are eroding and spilling over the banks of household budgets everywhere.
North Americans have experienced an unprecedented uneconomic upheaval over the past two years—record unemployment, supply chain bottlenecks, labor shortages and record levels of inflation. Here are some of the facts:
As of March 2022, the average family is spending about $296.45 more each month on household expenses compared to 2018 and 2019. 1
More than 61% of Americans reported they are now living paycheck to paycheck. 2
Gas prices skyrocketed 50%, putting a strain on the cost of commuting to work and forcing families to travel less. 3
Beef prices jumped 19%, ballooning grocery budges and forcing families to make more affordable meals with less expensive meats like pork and chicken.
Rent spiked a whopping 17.8% between January 2021 and January 2022. The median rent price as of January 2022 was $1,312.4
While prices rose, so did wages. But not at a similar rate. Even with a 4.7% annual increase in wages to an average of $31 an hour, most workers still received a 2.4% pay cut in 2021 because of inflation. Wage increases in only the bottom 25% of earners narrowly outpaced inflation by 2.3%-3.0%.
It’s no surprise then that a new Bankrate survey reported that many Americans have less money in their savings account today than they did two years ago. Only 17% of Americans have more in their accounts today, while 34% have less. Another 42% were able to maintain the same level of savings.5
But overall, 51% of Americans have less than three months’ worth of income saved in an emergency fund at all, up from 21% in 2020. Millennials are more heavily affected—57% reporting they couldn’t cover three months’ worth of expenses. Gen Xers are not far behind with 49% unable to cover three months’ of expenses.
To feel financially secure, Americans reported that they would need to make about $122,000 annually—more than double the average national salary.
BRIDGE TROUBLED WATERS WITH MELALEUCA
When Melaleuca opened its doors in 1985, Melaleuca founder and CEO Frank VanderSloot envisioned helping average families earn additional income to help them get ahead in life. The business model was simple: share Melaleuca’s superior wellness products with others, earn commissions from your customers’ order each month, and receive bonuses and incentives as you help others build Melaleuca businesses too.
For 36 years, thousands of Melaleuca Marketing Executives have benefitted from receiving supplemental income each month from their Melaleuca business. Most businesses only earn a small amount each month. But there is a smaller number who have dedicated significant time to working hard and due to other factors, earn thousands each month.
While Frank knew Melaleuca businesses would become valuable, he couldn’t have predicted the kinds of challenges the average family has faced throughout Melaleuca’s history. Melaleuca has become a lifeline for so many struggling families.
Building a Melaleuca business has become about more than just a little extra income. For some, Melaleuca is a vital plan B that has helped them weather the variety of unpredictable economic storms that have come their way.
The following story is my own personal story that I share to illustrate just a small portion of the hope and help that Melaleuca gives to families everywhere.
During the Spring of 2022, my life was all about being a stay-at-home mom with three young children. My husband was preparing to be terminated by his employer for not taking the Covid-19 shot.
I myself have a master’s degree in Biological Sciences but because we do not live close to family, my paycheck would undoubtedly go towards babysitting and daycare.
I had expressed my concern with my friends and always asked them to pray for me and my family. My husband was able to land a new job however, his take home pay would not be near what he made before.
My friend introduced me to Melaleuca as a business builder right off the bat and together we began working so I could obtain the title of Director. That paycheck I was able to obtain after the first two months helped not only us pay down our car payment, but it also gave me a sense of pride.
I had worked with other companies before promoting their products, but Melaleuca has been the best one I have ever experienced.
The team I work with is very encouraging and the goal is whatever you set your mind to.
Especially when considering today’s financial climate, I encourage everyone who wants to make a supplemental income to give this a try.
99% of the products are Made in America.
The products are everyday affordable products you use in your house all the time.
The money spent goes to help financially support families just like yours and mine.
Today there is not an item I order through Melaleuca that I feel is not justified. Because the products are manufactured in the USA, their prices have not been heavily impacted by inflation.
Furthermore, who doesn’t need laundry detergent, soap, toothpaste and all the things?
To learn more about the best patriotic wellness products available and how to get them for free, send me a hello so we can chat today!
Thomas Barrabi, “Inflation is now costing average US household an extra $296 each month,” New York Post, March 10, 2022.
Jessica Dickler, “Despite rising wages, 61% of Americans are still living paycheck to paycheck, report finds,” CNBS, February 17, 2022.
Greg Iacurci, “Despite higher wages, inflation gave the average worker a 2.4 pay cut last year,” CNBS, January 12, 2022.
Chris Salviati, “Apartment List National Rent Report,” Apartment List, August 30, 2022.
Sarah Foster, “Survey: More than half of Americans couldn’t cover three months of expenses with an emergency fund,” Bankrate, July 21, 2022.