Skyrocketing Costs of Housing and Childcare Making American Dream Feel Out of Reach for Many Families
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The high cost of living, especially housing, is making the American Dream feel out of reach for many families. Buying a home is unaffordable for young people.
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Childcare costs have skyrocketed, forcing many parents to drop out of the workforce or make other sacrifices. Families are struggling with the budget-breaking rates.
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The housing affordability crisis is widening the wealth gap between homeowners and renters. Homeowners have seen their net worth rise while others are locked out.
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The lack of housing inventory is a major factor driving unaffordability. More supply is needed to meet demand and cool bidding wars.
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Even those who recently bought homes are stressed about affording mortgages and other expenses like childcare. The costs are swallowing family budgets.