An expert answers: How much money do you need this year?

Do you have an extra $12,000? It's how much more experts say you are spending, on average this year, compared to two years ago. PennyWise host Teri Barr is talking with Elizabeth Renter, a Personal Finance Data Analyst with NerdWallet, to learn more about the specific categories where you've had to spend a lot more money in 2022. Elizabeth also shares what this means related to a recession, and what you can do about it. More from Elizabeth on NerdWallet: First-Time Home Buyer Metro Affordability Report – Q2 2022 Got an Extra $11,500? You’ll Need It to Keep Up With 2022 Prices U.S. Drivers’ Gas Spending Soars Toward $562 Billion in 2022 Support the show: https://omny.fm/shows/pennywiseSee omnystudio.com/listener for privacy information.