Americans to Face Tougher 2013 on Rising Prices & Taxes

It looks as if Americans will have to pay more next year for healthcare, grocery bills and  taxes. With consumer spending accounting for around two-thirds of our economy, these increasing costs could very well be a drag on an already struggling economy. If costs for things like food and energy costs keep moving higher, low and middle-income households will be hit particularly hard as their incomes have been stagnant over the past couple of years.

This article from Reuters explains which areas are likely to increase in 2013 and the impact it will have on American households. Continue reading.