I read somewhere this week that during the Great Depression, a home cost three times the average American citizen’s yearly wage. A home now costs eight times the average yearly income.
We are seeing families who formerly lived pay-check to paycheck being pushed into homelessness, and the formerly middle class now living pay-check to pay-check.
We were speaking about just this issue after Sunday School this morning, while talking of the number of older couples in the community having their adult children and grand-children moving back in with them. It’s not that the adults were not working or were being irresponsible. It’s that every cost and expense has almost doubled since Biden took office while wages have remained flat for the middle class. Any savings is long gone (ignore media reporting on that issue), and people have few choices.
I’m now seeing Youtube ads for Tide where Grandpa and Grandma are helping with the laundry since their adult daughter and her children have moved back in.
So it is now common enough to become the premise for mass market commercials.