Besides costly higher education and health care … buying and owning a home is now unaffordable for many in America
Posted By RichC on March 17, 2024
Going to college after high school has always seemed expensive, but by working, borrowing and getting help from parents … it was do-able, and by today’s standards, seemed affordable. I can’t help but smile noticing that when I finally paid off my student loan that I could start saving to put my kids through college. Sadly, today the debt many college graduates carry is overwhelming and they aren’t even thinking about having children.
If new grads are fortunate enough to have earned a degree that opens doors and starts a career, they still face a much higher cost of living across the board.
For those who took the vocational route, they may not be saddled with heavy debt, but the road is still not smooth. Everything from health care, to childcare, to the price of a vehicles, insurance, food, etc are way too high after inflation hit these past few years; it has impacted everyone in America.
One of the big desires for many is “homeownership” … The American Dream … is it really within reach these days? ☹️
Our Congressional Rep Warren Davidson posted a comment on X.com and a graphic that I thought was eyeopening. Ugh!
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