Do you have an extra $12,000? That's how much more experts say you are spending on average this year compared to two years ago.
PennyWise host Teri Barr discusses the topic 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.
Renter also shares what this means related to a recession, and what you can do about it.
More from Elizabeth on NerdWallet: