(PRWEB) June 27, 2014
Across America’s most popular cities, the cost of living has skyrocketed. This includes San Francisco, which is ranked as the third most expensive city to live in according to a Kiplinger report. With housing costs at nearly three times the national average and increasing prices on goods and services, many residents are finding themselves priced out of the city. National financial education nonprofit American Consumer Credit Counseling has released five essential money tips to help San Francisco residents combat rising costs.
“As the economy has rebounded, so too have many of America’s cities, including San Francisco,” stated Steven Trumble, President and CEO of ACCC. “The trouble is that with this increase in cost, many families and young professionals are finding themselves priced out. The good news is that making small adjustments to everyday expenses can mean the difference between living in and outside of the city.”
San Francisco’s living expenses have been rising at a higher rate than the rest of the nation. According to an April 2014 report by the US Department of Labor, the Consumer Price Index (CPI) for San Francisco rose 1.2 percent since February and the CPI for Urban Consumers rose 2.8 percent since last year. The price of food has gone up almost one percent from February to April, and energy increased by 2.6 percent due to the higher price of gasoline. As the rise in prices for food and housing increases at a high percentage, the average wage for workers has stalled, only increasing by 1.1 percent from February to April.
American Consumer Credit Counseling has developed five tips to save money while still living in the San Francisco area:
ACCC is a 501(c)3 organization, that provides free credit counseling, bankruptcy counseling, and housing counseling to consumers nationwide in need of financial literacy education and money management. For more information, contact ACCC:
For credit counseling locally call or 415-655-6731 or 800-769-3571
About American Consumer Credit Counseling
American Consumer Credit Counseling (ACCC) is a nonprofit credit counseling 501(c)(3) organization dedicated to empowering consumers to achieve financial management and debt relief through education, credit counseling, and debt management solutions. ACCC provides individuals with practical debt solutions for solving financial problems and recognizes that consumers’ financial difficulties are often not the result of poor spending habits, but more frequently from extenuating circumstances beyond their control. As one of the nation’s leading providers of financial education and credit counseling services, ACCC’s certified credit advisors work with consumers to help them determine the best plan of action to get out of debt and regain financial stability. ACCC holds an A+ rating with the Better Business Bureau and is a member of the Association of Independent Consumer Credit Counseling Agencies. For more information or to access free financial education resources, log on to ConsumerCredit.com or visit TalkingCentsBlog.com.