Posted 4/9/2024, 10:14:09 AM
Rising Costs of Housing, College, Cars and Travel Puts Major Purchases Out of Reach for Middle Class
- Real estate prices in major cities are rising exponentially, making home ownership unattainable for the middle class
- The costs of private and out-of-state colleges are skyrocketing, putting quality higher education out of reach
- Luxury and high-end vehicles are becoming prohibitively expensive due to manufacturing costs and new technologies
- Retirement savings are being neglected as the rising cost of living takes priority
- Leisure travel may transform into an exclusive activity for the wealthy as vacation costs continue to climb
