I live in the USA, and our future seems more bleak than it ever has. Is not about politics, although politicians do have an impact on it. It’s really about our quality of life, and cost of living, which has not changed for the better, it seems, in a really long time. The cost of living keeps going up higher and higher, and much of our country still believes that even with increased cost of living, there is never any reason whatsoever to pay people more. So for instance, a job that paid 10 bucks an hour in the year 2002, that same job might still pay $10 an hour now. But I think we all know that the cost of living has dramatically gone up from 2002 to now.
Even White collar jobs though seem to be threatened to now, which is not something I’ve ever seen before. Positions like analyst, engineer, business intelligence, revenue management, whatever you want to think of. Any corporate office job, people are suffering. The cost of living is absurd, buying a house is simply out of reach unless you have dual income and it better be nearly six figure dual income…
I just don’t see how Americans at large are going to survive the next 30 years?
I have the same question. It seems like a doable goal for me, and I only have an Associates Degree. Are people just bad at saving and paying their bills on time?
My question was less about how doable it is, and more… if you can’t afford to buy a house, how can you afford to pay rent (and thus someone else’s mortgage plus a little extra)?
The last place I lived, I could afford my mortgage but I wouldn’t have been able to afford to rent an equivalent house. Hence my confusion.
I’ve owned a house for a long time, but the issue is paying their current rent/bills while also saving enough for a down payment.