Cost of Living Hits Record, Tops Pre-Crisis High Read more: Cost of Living Hits Record, Tops Pre-Crisis High

PatriotAction Network By Forrest Jones

The cost of living in the United States is as high as ever, even worse than before the financial meltdown during the past few years.

A Labor Department index measuring the actual cost of living, known as the chained consumer price index, hit 127.4 in February, beating a previous record high 126.9 in July 2008, just as the housing crisis began to tighten its grip, CNBC reports.

That's bad news for most Americans, especially considering the record comes at a time of weak economic activity and high unemployment rates.

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